JasmyCoin (JASMY) Price on the Verge of a Massive Rally—Is a 100% Gain Likely?

JASMY is getting noticed by crypto traders who think it might make a big move soon. Crypto analyst Team LAMBO shared on X (formerly Twitter) that JASMY's price needs to break past $0.04 to climb higher.

JasmyCoin (JASMY) has been on the radar of crypto traders who believe it might be gearing up for a substantial move. According to a price analysis shared by crypto analyst Team LAMBO on X (formerly Twitter), JASMY’s price needs to break past the $0.04 level to climb higher.

Examining the price charts and market signals, some traders believe that JASMY could reach $0.08 if things go well. A descending trendline extends from a peak at $0.059, which has consistently capped upward momentum. As JASMY trades close to this trendline, it might face resistance at these levels.

Moreover, a breakout above $0.04 could potentially confirm a reversal from the prevailing bearish trend. This descending trendline aligns with a broader resistance zone, making this area a crucial hurdle for JasmyCoin’s price.

Breaking above and sustaining momentum would open the door for a potential rally toward the next resistance at $0.08, a level highlighted in the tweet and supported by previous market behavior.

Support Levels and Volume Trends

Coming to the support zones, they are observed between $0.035 and $0.038, where the price has historically found stability during pullbacks. Below this, additional support may be found at around $0.03, which represents a consolidation area from earlier movements.

As we glance at the volume data, market activity remains subdued, with a lack of significant buying or selling pressure. However, increased trading volume is essential to validate a breakout and sustain upward price movements.

Furthermore, the MACD indicator shows early signs of bullish momentum, with a potential crossover below the zero line. This could signify the beginning of upward price action if confirmed by a break above the resistance levels.

The market is keeping a close eye on a clear move above $0.04. If JASMY achieves this, it may catalyze a rally toward the $0.08 price target, as suggested by both technical analysis and the optimistic outlook presented in the tweet by Team LAMBO.

Read Also: Analysts Say Hedera (HBAR) Price Will Hit a New All-Time High in Q1 2025 – Here’s Why a 50% Rally Is in Sight

Team LAMBO highlights the market sentiment, which remains cautiously optimistic. It emphasizes the importance of breaking $0.04 and the potential for a strong upward movement if volume picks up. The tweet aligns with traders who see the $0.08 target as achievable if the current resistance levels are overcome.

JasmyCoin’s performance in the coming days will depend heavily on market dynamics, including volume and price action near the resistance. The next move could define the short-term trajectory for JASMY’s price.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.