JASMY Prediction:The Rising Star in Crypto's Dark Horse Race

JasmyCoin's price sees tug-of-war between bulls and bears

• #Jasmy coin has traded within a symmetric triangle pattern since mid-February, with a recent breakout indicated by a long bullish candle yesterday, resulting in a 14% surge in the last 24 hours.

• The current price level hasn't been observed since April 2022, signaling a gradual uptrend following sustained consolidation.

• Bulls have established a strong anchor support level at $0.01500, facilitating upward movement within and beyond the rising channel to reach the $0.02880 resistance level.

• Within the channel, a notable support level of $0.02150 has been formed by the bulls, briefly stabilizing the price.

• A correction initiated by bears has hindered further bullish advancement, potentially reducing profits for bulls if sustained.

• Bulls aim to regroup at the $0.02450 support level on the upper boundary of the channel, with success potentially propelling the price above the current resistance at $0.02880.

• On the daily chart, a long wick candle suggests a weakening bullish momentum.

• As per Coin Gabbar analysis, Continued bullish momentum could drive the price beyond the resistance near $0.03000, targeting a new high of $0.04000.

• Conversely, a bearish trend reversal might lead the altcoin towards its support trendline.

KEY LEVELS :

RESISTANCE LEVEL : $0.030000-$0.040000

SUPPORT LEVEL : $0.021000-$0.015000

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.