The cryptocurrency market reached an important milestone today as Bitcoin set a new all-time high. Other cryptocurrencies also showed positive movements.
New Bitcoin Record
Today, Bitcoin (BTC) surged to a new peak of $112,000. Ethereum (ETH) also displayed positive dynamics, climbing 5% and trading near $2,800.
Jasmycoin Development
Jasmycoin (JASMY) also posted a 5% daily gain. Its chart structure has drawn attention, resembling the recent movement of Sei (SEI), which completed a powerful breakout. On the daily chart, JASMY has broken out of its descending wedge and is currently consolidating beneath the 50-day and 100-day moving averages.
Future Prospects for Jasmycoin
For the bullish setup to validate, JASMY needs to break above 0.01473, its immediate resistance marked by the 50-day moving average. A decisive move above this level could trigger significant upward movement, aiming toward the 200-day moving average around $0.01914. Despite the promising setup, it's important to wait for confirmation as further sideways consolidation or false breakout is still a possibility.
The cryptocurrency market is displaying active movements, with JASMY potentially becoming a key player in this context. However, investors should exercise caution and monitor developments carefully.
