JASMY Bullish Signal Resembling 2024 Boom
After enduring a massive 61% drop over the past 90 days, JasmyCoin (JASMY) bounced back with gains of 114% in the last week. The token now appears to be indicating a potential bullish recovery.
An in-depth analysis of the daily chart reveals that JasmyCoin is displaying a classic descending wedge pattern on the verge of breaking out – a bullish reversal pattern often seen before significant recoveries.
The breakout occurred around April 11, when JASMY sharply rebounded on the support at $0.0080, driving the price up to around $0.01349 at the time of writing.
Interestingly, this setup mirrors a previous similar breakout in late 2024. At that time, after a prolonged consolidation around the 50-day Moving Average (50 MA), JASMY had surged with an impressive 200% increase.
Today, the pattern looks strangely similar – JASMY is once again consolidating around the 50 MA, hinting at a possible repeat performance if the momentum holds.
A Major Catalyst That Could Trigger a Pump
While technical indicators strongly suggest a bullish resurgence, the next major development will largely depend on Binance.
Recently, Binance concluded its second round of token delisting votes, and unfortunately, JasmyCoin (JASMY) received the third most votes for delisting (8.6%).
While no final decision has been made yet, the uncertainty surrounding a potential delisting has cast a bearish cloud over JASMY’s short-term prospects.
Until Binance officially announces the results of the second round delisting vote, traders must exercise caution – a delisting could greatly impact liquidity and trigger a massive sell-off.
JasmyCoin (JASMY) is at a critical juncture. The technical setup closely resembles its previous 200% surge, suggesting significant upside potential. However, the risk of delisting by Binance could swiftly reverse the trend. The coming days will be crucial for JASMY’s fate.
Key Levels to Watch : Should You Buy ?
In case of an upswing, JASMY will need to break the resistance at $0.018 convincingly to then target the next at $0.025. This would represent an 89% increase from its current price.
A break of the latter could trigger a more than 40% rise towards $0.034. In total, JASMY could increase by 143% in the event of a BTC uptrend beyond $90,000.
In a bearish scenario, JASMY will need to bounce off the support at $0.011, or it will fall back and retest its support at $0.0083.
Here is a practical guide to buying JASMY before its potential 143% pump:
- Create a Bitget account
Visit the official Bitget website and sign up using your email. - Verify your identity (KYC)
Complete the KYC verification by submitting an ID document and, if required, proof of address. This quick step is necessary to access trading functions. - Add funds
In the “Deposit” section, fund your wallet with cryptos (USDT, BTC, etc.) or through fiat (credit card, bank transfer). Bitget accepts Visa, Mastercard, ApplePay, and GooglePay for quick deposits. Follow the instructions to finalize. - Access the market
Head to “Spot Market” or “Trading”, type in “JASMY” in the search bar and select the JASMY/USDT pair to open the trading interface. - Make the purchase
Choose a market order for an instant purchase or a limit order to set a specific price. Enter the desired quantity of JASMY, review the details, and confirm your transaction.
