- JasmyCoin is trading at $0.01907 after breaking out of an inverse head and shoulders pattern.
- The breakout above $0.01709 has turned previous resistance into support.
- If momentum holds, the next targets are $0.02007, $0.02304, and $0.02516.
- A drop below $0.01709 could weaken the bullish setup, but the overall trend remains positive.
JasmyCoin (JASMY) is trading at $0.01907, posting modest gains as it rides momentum from a key technical breakout. Over the past week, JASMY is significantly up by almost 22% showing signs for further upward movements.
JasmyCoin Rallies Past Neckline, Bullish Setup in Play
The token has officially broken out of an Inverse Head and Shoulders pattern on the 4-hour chart, a classic reversal signal that could set the stage for a stronger upward push in the coming days.
The formation, which began developing in April, completed as JASMY crossed above the neckline resistance around $0.01709. Since then, the token has held above this level, flipping it into a new support zone. With bullish momentum holding firm, traders are now setting their sights on the next major resistance near $0.02007.
If bulls maintain control, the next upside targets lie at $0.02304 and $0.02516, marking the upper bounds of a visible resistance zone. These levels also align with the projected move from the inverse head and shoulders setup, a sign that the rally could be far from over.
On the downside, JASMY has built a cushion with layered support. If the price drops, key levels to watch include $0.01709 (neckline), followed by $0.01517 and $0.01413, the latter corresponding to the bottom of the head pattern. A break below these could invalidate the bullish outlook, but for now, the trend appears to favor the bulls.
This price action comes amid a broader recovery across the crypto market, where altcoins have started to reclaim momentum after weeks of consolidation. JasmyCoin’s current structure suggests that it could be one of the tokens to watch, especially if it clears the $0.020 threshold with volume.
As of now, all eyes remain on whether JASMY can continue its upward trajectory and confirm its breakout with a rally toward the $0.025 zone. The overall market is in bullish phase with Bitcoin recent surge that propelled altcoins to print gains and breakout towards upward.
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