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Breakout Confirmed: JasmyCoin Aims for Multi-Week Highs

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  • 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.

JASMY 7D graph coinmarketcap 1
Source: CoinMarketcap

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.

JASMYUSD 2025 05 11 18 58 26
Breakout Confirmed: JasmyCoin Aims for Multi-Week Highs 3

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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JasmyCoin (JASMY) Retests Resistance, $0.025 Price Target in Sight

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  • JasmyCoin has rebounded from April lows and is now trading near the upper boundary of a rising wedge pattern.
  • The price faces resistance between $0.0185 and $0.019, with a breakout potentially leading to $0.025.
  • RSI is at 70.18, indicating overbought conditions, while MACD shows mild bullish momentum.
  • A breakout with volume could confirm an uptrend, but failure may lead to a pullback toward $0.016 or lower.

JasmyCoin (JASMY) is showing signs of strength after recovering from its April lows, but technical indicators suggest the cryptocurrency is approaching a crucial decision point. As of this writing, JASMY is trading at $0.018346, hovering near the upper boundary of a rising wedge pattern that has been forming over the past month.

JASMYUSD 2025 05 09 09 27 14
JasmyCoin (JASMY) Retests Resistance, $0.025 Price Target in Sight 6

After peaking at $0.06 in December 2024, JasmyCoin entered a sustained downtrend, losing momentum through the first quarter of 2025. However, the price found a base in early April around $0.0095, sparking a steady rebound that pushed JASMY back above $0.018 in recent weeks. This recovery has been contained within a rising wedge, a technical pattern that can signal either a continuation or a potential reversal.

JasmyCoin Tests Resistance Zone, $0.025 in Sight

The immediate resistance lies between $0.0185 and $0.019, a zone that has capped recent rallies. A breakout above this level could pave the way for a move toward the next major resistance at $0.025. On the downside, support levels are established at $0.0161 and $0.0151, aligning with the lower trendline of the wedge.

Technical indicators are sending mixed signals. The Relative Strength Index (RSI) is currently at 70.18, entering overbought territory, which has historically preceded short-term pullbacks. Meanwhile, the Moving Average Convergence Divergence (MACD) shows mild bullish momentum, with the MACD line staying slightly above the signal line.

JASMYUSD 2025 05 09 10 19 56
Source: Tradingview

A successful breakout with increased volume could confirm bullish continuation, targeting $0.025 in the near term. However, a failure to clear resistance may lead to a pullback toward the lower wedge boundary, testing support around $0.016 or even $0.015.

The coming days could be pivotal for JasmyCoin’s short-term trend as the market awaits a decisive move out of this pattern. Crypto analysts are advising caution as price approaches overbought levels, while also noting the potential for a breakout if momentum accelerates.

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