CandleFocus JASMY price breaks downtrend: can bulls reclaim key level?
2024-09-25
Author: Content Editor
Jasmycoin (JASMY) experienced a surge in early June, reaching a high of $0.044. However, it dropped to $0.015 in August due to a significant hit in the cryptocurrency market. In September, it dipped to $0.017 before seeing a decent upside and jumping to $0.023. The recent 19% surge has caused Jasmycoin to breakout from a major downtrend line, indicating a potential bullish breakout. The coin's trading volume and value have increased, and it has seen a 534% increase in the past year. Buyers may have an advantage with the developing falling wedge pattern, and if they maintain support and retest resistance, the price could reach year-to-date highs of over $0.044. However, if the price slips below support, bears could target $0.017. Jasmycoin's listing on Binance's innovation zone and potential partnerships in the IoT and blockchain space could also contribute to its gains.
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