JASMY Signals New Era with Breakout, Eyes Potential $0.2785 Target

JASMY, the crypto that’s on a mission to democratize data, just broke through a multi-year resistance trend. This breakout is a strong sign of a shift in both market momentum and trader sentiment. This breakout marks the beginning of a new price discovery era for JASMY after a few months of sideways action consolidation. Technical analysts have picked out a target of $0.2785, which would be a more than 1300% gain from today’s price.

JASMY price is $0.01833 right now. It has a circulating supply of 393.49 million and a market cap of $906.41 million. During the past 24 hours, JASMY has increased by 9.69% in price. It has pumped up by an astounding 34.28% in the last week!

The breakout comes after a falling wedge pattern has developed on the daily chart. This bearish pattern usually precedes a bullish reversal to the upside. The +398% explosion following a clear breakout above the long-term resistance trendline sure helped confirm the strength of this breakout. Technical analyst Josh Olszewicz noted that if bulls can flip the current resistance into support, it would provide a buying opportunity with long positions ideal.

"What makes this rally special is the huge amount of upside that’s yet to come." - JAVON MARKS via TronWeekly

As per crypto expert JAVON MARKS, JASMY has surged back with fire. MARKS reminded us that this breakout is not only a technical event.

"This breakout isn’t merely a technical event; it represents a significant shift in sentiment." - JAVON MARKS via TronWeekly

If JASMY remains above its breakout point, it has the potential to trigger an explosive altcoin rally. Making higher lows the new trend will have even more momentum to reinforce this promising setup.

"As long as JASMY holds above the breakout point and continues printing higher lows, the setup mirrors some of the most explosive altcoin rallies we’ve seen in recent bull cycles." - JAVON MARKS via TronWeekly

The potential short term target of $0.2785 is in accordance with JAVON MARKS’ analysis, which shows a potential +1,530% rise from the current prices.