In the past 24 hours, the cryptocurrency market has shown signs of recovery after recent corrections. Bitcoin, which recently fell, is gaining strength again.
Current Market Situation
Bitcoin (BTC) is recovering and is back above the $98,000 mark with a gain of over 4%. This positive trend is also being seen among top altcoins like Internet Computer (ICP) and Jasmycoin (JASMY), both showing notable gains.
Internet Computer (ICP) Dynamics
Internet Computer (ICP) is gaining momentum after breaking out from a falling wedge near $10.90, moving into a horizontal resistance zone. Currently trading at $11.40, it nears a breakout from this critical resistance area. Technical indicators support the positive outlook.
Jasmycoin (JASMY) Growth
Jasmycoin (JASMY) is seeing a 10% rally after breaching a falling wedge near $0.03721. The token has pushed into a horizontal resistance zone and is now at $0.039. The MACD indicator on the 4-hour chart for JASMY also shows a positive trend, suggesting bullish momentum remains intact.
The overall recovery in the cryptocurrency market has created a favorable environment for ICP and JASMY to grow. If the current trend persists, significant upward movements through key resistance levels can be expected.
