#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
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