IOTA and JASMY Surge Following Announcement of U.S. Crypto Strategic Reserve

The cryptocurrency market has witnessed a major bullish pump in the past hours following the latest announcement by U.S. President Donald Trump regarding the establishment of a crypto strategic reserve

The cryptocurrency market has witnessed a major bullish pump in the past hours following the latest announcement by U.S. President Donald Trump regarding the establishment of a crypto strategic reserve, which includes assets like BTC, ETH, ADA, XRP, and SOL.

This announcement has ignited a wave of momentum across the altcoin market, and two Internet of Things (IoT)-focused tokens, IOTA and JasmyCoin (JASMY), are catching significant attention as they hit key price patterns and technical indicators that could foreshadow substantial gains.

IOTA Price Analysis: IOTA Surpasses Key Breakout

IOTA has surged over 25%, confirming a key breakout from a prolonged falling wedge pattern, which had suppressed its price movement for several weeks. Today, the token managed to surpass the upper trendline of the wedge, leading to an initial price surge to a local high of $0.31 before correcting for a retest.

IOTA (IOTA) Daily Chart/Coinsprobe (Source: Tradingview)

As of press time, IOTA is trading at $0.25, consolidating at a key breakout retest zone. If this level holds as support, the next upside targets are $0.31 and $0.41, which would represent an additional 66% price increase from current levels.

The 200-day moving average (MA) at $0.2256 played a crucial role in confirming the breakout, and with the market sentiment turning bullish, IOTA could be poised for further gains.

The next crucial price levels to monitor on IOTA are the 50-day MA, currently at $0.19, and the lower fib level at $0.17. If the selling pressure intensifies, IOTA might test the 100-day MA at $0.14, potentially leading to a deeper correction.

Related: Report: IOTA Smart Contract Platform Could Attract DeFi and Web3 Projects

JasmyCoin Price Analysis: Can It Mimic IOTA’s Breakout?

JasmyCoin (JASMY) is mirroring IOTA’s earlier pattern, trading inside a falling wedge since its rejection from the $0.05980 high on December 5. The token recently rebounded from a critical support level near $0.016, and is now testing the upper resistance of the wedge, trading at $0.019.

JasmyCoin (JASMY) Daily Chart/Coinsprobe (Source: Tradingview)

If JASMY confirms a breakout with a successful retest, its next major resistance levels are the 50-day moving average (MA) and the $0.025 price zone. A strong move past this region could open the doors for a rally toward $0.034, representing a potential 78% upside from the current price.

However, if the sellers manage to regain control and break the 100-day MA at $0.01, it could lead to a deeper decline toward the Fib 1.618 level at $0.009.

Final Thoughts

IOTA’s confirmed breakout has set the stage for a bullish continuation, and JASMY appears to be on the verge of following the same path. If JASMY manages to break through its resistance levels, traders could witness significant gains in the coming days.

With the crypto strategic reserve announcement sparking renewed interest in altcoins, these IoT tokens could be among the next major movers in the market.

This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.