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JASMY Prediction: Could Jasmy Coin Ignite an Epic Rally?

31-May-2024 By: Lokesh Gupta
JASMY Prediction: Could Jasmy Coin Ignite an Epic Rally?

JasmyCoin breaches $0.03 level after two years of stagnation

  • #Jasmy coin (JASMY) experienced a notable surge of 25% within the last 24 hours following the announcement of its integration with Japan’s My Number Card on iPhones.

  • The price of JASMY surpassed the $0.03 mark, marking a 52% gain over the past week, after establishing a base near $0.0150.

  • Breaking through the $0.024 resistance zone, JasmyCoin is now poised for a potential breakout towards the $0.05 and subsequently $0.10 levels.

  • Following a prolonged accumulation phase, JASMY breached its resistance in mid-February, resulting in a price rise of 280% and the formation of a Triangle pattern for almost 2 months.

  • On the weekly chart, JASMY has broken out of the symmetric triangle pattern since February, signaling bullish momentum.

  • As per Coin Gabbar analysis, A bullish scenario for JASMY suggests a potential rally towards $0.035000, followed by $0.050000.

  • However, failure to sustain the rally and remaining below $0.030000 could lead to a price drop towards $0.024000.

KEY LEVELS :

RESISTANCE LEVEL : $0.050000-$0.070000

SUPPORT LEVEL : $0.015000-$0.005000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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