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Analysis of JasmyCoin's Recent Surge

May 31, 2024

JasmyCoin (JASMY) has seen a significant increase of 25% in the past 24 hours after announcing its integration with Japan’s My Number Card on iPhones. The price of JASMY has exceeded $0.03, showcasing a 52% rise over the last week from a starting point near $0.0150. By breaking through the $0.024 resistance level, JasmyCoin is now positioned for a potential upward movement towards $0.05 and then $0.10. After a period of accumulation, JASMY broke its resistance in mid-February, leading to a price surge of 280% and the formation of a Triangle pattern for approximately 2 months. The weekly chart displays JASMY's breakout from the symmetric triangle pattern since February, indicating a bullish trend. According to Coin Gabbar's analysis, a positive outlook for JASMY anticipates a rally towards $0.035000, followed by $0.050000. However, a failure to sustain this momentum and a drop below $0.030000 might result in a price decline towards $0.024000.

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