JasmyCoin (JASMY) Gains Momentum Ahead of Fed Decision, Bitcoin’s Trajectory Will Be Key

JasmyCoin (JASMY) has been steadily gaining momentum, showing a 1.23% increase in the last 24 hours and a 5% rise over the past week.

JasmyCoin (JASMY) has shown promise with a 1.23% rise in the last 24 hours and a 5% increase over the past week. As investor confidence grows, its next major move will depend on Bitcoin’s trajectory. If BTC manages to break higher, it could fuel further gains for altcoins, including JASMY.

Crucially, the Federal Reserve will be meeting today, with investors expecting the Fed to keep interest rates unchanged. The first potential rate cut is only priced in around June. Recent economic indicators have shown inflation remaining stable, while economic activity has slowed since the last Federal Open Market Committee (FOMC) meeting. However, there is still uncertainty with global trade tariffs and broader economic conditions putting pressure on the market. Powell’s comments will be monitored for any hints at future monetary policy changes, which could drastically affect the market.

From a technical standpoint, the token is holding a key support level and might enter a consolidation phase before making its next move. If Bitcoin experiences a correction, JASMY might retest the $0.0067–$0.01 range. On the plus side, if bullish momentum continues, the token could aim for $0.031–$0.033, with a long-term resistance zone between $0.059 and $0.061.

With the market anticipating the Fed’s decision, volatility is expected. If Bitcoin experiences a surge, the token might benefit from the momentum. However, any BTC downturn could trigger short-term retracements. Traders will be focusing on this development closely as a decisive move from the market could be just around the corner.