JasmyCoin (JASMY) Price Prediction 2023-2025 – Will $JASMY Continue its Upward Momentum?

Following Bitcoin's rebound above the $105k level, mid-cap altcoins like JasmyCoin are back in the green once again.

Bitcoin’s latest rebound above the $105k level has brought some relief to the broader cryptocurrency market, especially mid-cap altcoins like JasmyCoin, which are back in the green once again.

The token, according to CoinmarketCap data, exploded 40% on the daily chart to hit the $0.03 level, becoming one of the top performers in the altcoin market segment. Its market cap has also surged 28% to cross the $1.6 billion threshold, solidifying its position on the list of the first seventy cryptocurrencies by valuation.

As the dust settles following the latest Fed decision, what could be the next move for $JASMY token? Here's a technical price prediction (short-term and long-term) to help you make informed trading decisions.

JasmyCoin is among the mid-cap altcoins that have made a resounding comeback following the Fed’s latest decision not to hike interest rates. After bottoming out at $0.02 earlier this week due to the uncertainty in the broader market, $JASMY token started displaying multiple green candles on Thursday and eventually broke out of its resistance level to hit $0.032.

JasmyCoin’s massive pump follows increased trading activities, especially from bulls. According to Coinglass data, JASMY coin’s open interest has surged to $55 million—its highest since January 15. Additionally, data from Arkham also shows that more JasmyCoin tokens are leaving centralized exchanges, which further proves that new money is flowing into the market. As the bullish wave in the broader market waxes stronger, more bulls may be encouraged to enter positions, potentially pushing the token’s price to new highs.

Looking at the technical outlook, JasmyCoin’s RSI is hovering between 55-62, meaning that it is not yet overbought. This is accompanied by a falling wedge pattern, which could trigger a bullish breakout for the token in the coming days.

While it is currently testing the descending resistance on the daily timeframe, there is a growing belief that a breakout above this trendline could send $JASMY to its November 2024 peak of $0.0588, marking a 60% pump from its current level.

However, in the event that market conditions turn bearish and the buying frenzy temporarily falters, Jasmy token could fall below the key support level of $0.0231. Failure to hold this critical support may trigger more sell-offs, thereby pulling the price to $0.021.

Above all, considering JASMY’s strong technical indicators, its upward potential is quite higher than its downward potential. It is, therefore, no surprise that traders are anticipating between $0.045 and $0.048 within the first few days of February.

Beyond technical fundamentals, what could eventually determine the price performance of $JASMY token, especially in the long term, is the activities of its platform in the IoT arena. Already, Jasmy, thanks to its focus on data security and privacy, has gained ground, cementing strategic collaborations with top names for its IoT solutions.

With the increasing demand for secure and decentralized data management, Jasmy’s solutions could see more adoption across various industries. This possibility could expose $JASMY to a broader investor base and propel its price above $1 before the end of 2025.

However, if the enthusiasm around its products wanes, perhaps due to the arrival of similar and more innovative projects, the token price may struggle to surpass the $0.07 level.

For sidelined investors looking to accumulate $JASMY before it records another major pump, Best Wallet comes highly recommended. The Web3 wallet is quite popular as one of the most user-friendly yet feature-packed wallets available in the market.

Designed with usability in mind, Best Wallet offers a unique balance of ease-of-use and groundbreaking functionalities that appeal to all categories of users. Its account creation procedure is relatively simple and can be completed in a few seconds, its layout design is easy on the eyes and simple to navigate, and its icons are well-labeled and responsive.

Security is also emphasized as one of the key attributes of the non-custodial wallet as it employs advanced cryptographic techniques, multi-factor authentication, and biometric verification to safeguard both user funds and data.

Moreover, not only can users buy, sell, trade, and store JASMY and other cryptos on this wallet, but they can also enjoy seamless interaction with a huge array of decentralized applications spread across 60 chains. Also, setting itself apart from others, Best Wallet has a built-in decentralized exchange, empowering users to execute cross-chain swaps at the best possible rates.

An additional highlight is the multi-wallet feature, empowering users to manage their large and diverse portfolios without the hassle of creating new wallet accounts. The “Upcoming