JasmyCoin (JASMY) Flashes Bullish Signal as Expert Eyes ‘Aggressive’ Price Recovery

JasmyCoin (JASMY) has reacted positively from a long-held support level, signaling a potential bullish reversal.

JasmyCoin (JASMY) reacted positively from a long-held support level, signaling a potential bullish reversal, according to a top analyst.

Top analyst Matthew Dixon highlighted this in a recent X post (formerly Twitter). He also noted a hidden bullish divergence in the crypto’s technical indicators. The asset has gained momentum despite recent market volatility, presenting an opportunity for traders if the trend holds.

The coin bounced back from a key support level at $0.01518, a historically strong demand zone. Recent price action shows an upward movement, aligning with an ascending support trendline.

This aligns with the analysis from crypto analytics platform CoinGecko, which shows the asset bouncing back slightly in the past few days. Over the past week, however, the asset has seen declines.

At press time, the coin trades at $0.01849, up about 3% for the day.

Dixon stated that if the market correction has ended, then we should see an "aggressive" recovery in JasmyCoin.

"I do not hold any positions in the token, and my analysis is based purely on the technical indicators, which are leaning bullish if the support holds."

"From a technical perspective alone, we have a reaction higher from near the long-held support and some nice Divergence in place on both MACD and RSI, which spans both short-term and mid-term time frames. Usually, when this pattern appears at a strong support level, it leads to an aggressive price recovery."

"If we start to see some volume increase alongside this setup, then I think we could see some strong breakout potential in JasmyCoin. The technical indicators are favoring long positions if this support level holds."

If JasmyCoin manages to sustain its recovery and break out of the $0.022 resistance, then we can expect to see a continuation of the bullish trend.

The token previously stalled at this level, suggesting that sellers emerged to prevent further upside momentum. A breakout could hint that the market is shifting in favor of buyers.

Next up is the $0.026 mark—a price point that has seen a balance between selling and buying pressure. The token bounced off this level twice before being met by sellers. Pushing beyond this would strengthen the case for buyers.

The real test lies in the $0.030-$0.035 zone. A decisive move above this range would suggest a genuine shift in momentum. This zone offered strong resistance during previous attempts to rally.

If JasmyCoin can climb past $0.035 and manage to hold above it, then it would show real conviction from buyers and open the door for more significant gains.

This analysis provides valuable insights for traders considering entering or exiting positions in JasmyCoin as it reacts to key support levels and technical patterns.