JasmyCoin (JASMY) Price Prediction as New Chart Pattern Shows Bullish Structure Forming

JasmyCoin (JASMY) is starting to catch some attention again, especially from analysts and traders who are watching the charts closely.

Crypto traders and analysts are closely following the potential breakout of JasmyCoin (JASMY) as it threatens to break out of a falling wedge pattern for the second time this year.

JasmyCoin Price Could Be Breaking Out Of Falling Wedge For The Second Time This Year

The attention on JasmyCoin (JASMY) has been increasing as of late, especially from analysts and traders who are used to following the charts closely. One analyst, who uses the handle ‘Lucky’ on X (formerly Twitter), shared a bullish outlook for the token, highlighting the strong community backing and some potential project updates that could be in the works.

In the post, the crypto trader broke down some key technical levels to watch out for. A deeper look at the daily price chart reveals a technical pattern known as a falling wedge, which formed twice this year. The first wedge played out between August and November, and the second has been developing from January through March.

The first wedge ended with a sharp breakout in early November, which sent the price soaring. Now, it seems like history might be repeating itself. The second wedge seems to be breaking out in real-time, which is why traders are paying such close attention.

What adds weight to this setup is the horizontal support zone between $0.0113 and $0.0165. Price has bounced off that level multiple times over the last few months, showing that buyers continue to step in whenever JASMY price dips into that range.

“JASMY KEY SUPPORT HOLDING!

Support between $0.0113 and $0.0165 has served as the foundation for price rebounds since September.

Historical data showcases multiple successful tests of this zone, each paving the way for upward momentum.

Respect for this area has previously led to increased bullish activity.”

JASMY Breakout Projections and Future Targets

The chart projects a possible upward trajectory in several stages. The first resistance level is around $0.025. If the breakout sustains, mid-term targets could be near $0.035. A long-term projection places the price between $0.055 and $0.06.

The projected path considers short-term pullbacks and retests before advancing. This measured approach aligns with previous market behavior and reflects a pattern of structured price growth.

Furthermore, Lucky’s tweet expresses confidence in JASMY’s price direction, suggesting that community engagement and upcoming developments may add further momentum. The post encourages market participants to consider their positions, accompanied by the standard disclaimer: “DYOR – NFA.”

Community strength and anticipation of upcoming project news continue to support interest in JASMY. The current market setup, coupled with this sentiment, provides a context in which traders and analysts are carefully observing future movements.