JasmyCoin (JASMY) has seen a positive trend lately, with analysts forecasting a forthcoming bullish surge that may offer substantial profits to investors. Despite the recent price hike, experts believe that JASMY isn't overextended and that the prevailing market conditions signal the initiation of a fresh bullish phase.

RSI Analysis Indicating Growth Potential

An analysis by Team Lambo has highlighted the Relative Strength Index (RSI) for JASMY, showing a significant level similar to a past instance where the price continued to reach new highs without major retracement. Historically, an RSI of 95 has signaled the peak of the bullish trend. Drawing on this analysis, Team Lambo predicts that JASMY may peak between $0.12 and $0.15 in the ongoing bullish wave.

Projected Growth Towards $2.90 and Beyond

Analyst Javon Marks takes a more bullish stance, suggesting that JASMY's recent price surge from around $0.003125 to $0.040115, marking a remarkable 1,180% increase, is merely the beginning. Marks envisions the technical setup for JASMY indicating a further 71x gain, translating to a potential surge of over 7,000%. This projection aims to propel JASMY towards $2.90 and potentially higher.

Fractal Analysis Supporting Positive Outlook

Another notable analyst, KCM, concurs that JASMY is not overextended and that the current market conditions herald the onset of a fresh bullish trend. Referring to RSI metrics, KCM observes that akin to previous scenarios, reaching similar RSI highs has typically led to sustained upward momentum without significant retracement. Based on these patterns, KCM estimates that JASMY might peak between $0.12 and $0.15 in this bullish phase.

DWFLabs' Large JASMY Deposits on Binance

Recent reports disclose that DWFLabs has transferred 97 million JASMY tokens, valued at around $3.3 million, to Binance over the past three days. Each deposit has correlated with short-term price dips. DWFLabs currently holds approximately 24 million JASMY tokens worth $841,000 and has amassed an estimated total profit of $9.49 million, representing a substantial 307% gain.