Recent analysis of JasmyCoin (JASMY) price chart shows positive trends in the short-term market with potential for further growth.
Wave Structure Suggests More Upside Ahead For JASMY
The JasmyCoin chart displays a defined upward trend. According to market analyst Matthew Dixon, the asset is forming a classic five-wave structure. He indicated that, based on his forecast, the final leg of this impulse could push JASMY to the $0.022 level. However, a correction is likely before this occurs.
Key Support and Resistance Levels for JasmyCoin
Current resistance resides between $0.0214 and $0.022, where JASMY was previously rejected. Should the price manage to close above this band with volume support, it could verify the next upward leg. Support around $0.0186 is holding the ongoing correction and may serve as a local base should buying pressure rise.
JASMY Price Outlook Supported by Market Structure and Expert Commentary
Matthew Dixon's assessment points to a textbook Elliott Wave development. His expectation of a short-term move higher followed by a corrective phase fits technical norms. The current price target of $0.022 remains in focus for traders who also prepare for a potential retracement after the impulse wave completes.
While a short-term rise is observed, it is crucial to monitor support and resistance levels that could influence the future movement of JasmyCoin (JASMY) price.
