The cryptocurrency market is showing strong signs of a rebound, with BTC and ETH gaining 6% and 7% respectively. Altcoins like Jupiter and JasmyCoin are also showing positive momentum.
Jupiter (JUP) Analysis
Jupiter's daily chart shows a falling wedge pattern, a bullish reversal signal. After hitting a low of $0.44, recovery began. A breakout above the wedge could lead to a significant rally to the $0.86 zone.
JasmyCoin (JASMY) Analysis
JasmyCoin is also trading in a falling wedge pattern. The price reached a low of $0.011 but has started to rise. A breakout above the wedge could result in a rally to the $0.025 level, representing a potential 92% increase.
What’s Ahead?
With overall market sentiment improving, critical breakout levels for JUP and JASMY are nearing. A confirmed breakout could spark strong rallies.
The improving sentiment in the crypto market could lead to significant price changes for JUP and JASMY. Investors should watch volume and key moving averages for breakout confirmations.
