JasmyCoin demonstrated growth potential following a breakout from a bullish pennant on the daily chart, indicating the possibility of a continued upward trend.
Breakout from Bullish Pennant
The analysis of JasmyCoin’s daily chart revealed a breakout from a bullish pennant, which often signals a probable start of a strong upward trend. After the breakout, a short-term price retracement occurred, potentially serving as an entry point for investors.
Support Levels and Moving Averages
JASMY’s price action highlights a support zone at $0.018-$0.019, consistently attracting buying interest. Also, crossing above a moving average indicates growing bullish sentiment.
Price Targets and Forecasts
The analysis suggests a potential price increase to the $0.0265-$0.0270 range, aligning with continued bullish momentum expectations. This could be the last opportunity for entry before further price appreciation.
JasmyCoin has the potential for continued growth due to current bullish momentum and key support levels, offering investors an opportunity for increased interest and attracting new buyers.
