JasmyCoin (JASMY) has recently captured attention with a pronounced bullish momentum, according to the latest data from crypto analyst World Of Charts on X post. This surge traces back to a clear breakout from a prolonged pattern of consolidation characterized by progressively higher lows and stable highs.
The cryptocurrency’s price action transitioned from a flat trajectory and soared by 86.88%, moving from approximately $0.0362 to a peak of $0.1841. This rapid rise was distinctly marked on the chart with a blue rectangle, emphasizing the swift price escalation.
The technical perspective suggests this sharp increase is not just a spike but might set a new, higher baseline for JASMY’s trading levels. This breakout was supported by a notable surge in trading volume, indicating substantial buying interest and a new wave of investor confidence in the cryptocurrency.
The market is assessing this new price level. Investors and traders are now focused on whether JASMY can sustain these gains. The next crucial watchpoint is the recent high at $0.1841, which may act as a pivotal resistance or stabilization zone, influencing future price movements based on ongoing market conditions and investor reactions.
In another development, JasmyCoin (JASMY) has exhibited exceptional growth, as highlighted by Coin Wise. The JASMY/USDT pair has surged to a new all-time peak of $5.48, an increase of nearly 14,990%. This surge propelled the price to $5.4649 over the recent period.
Starting in March and extending into early 2022, the currency faced a sharp decline. Yet, by 2024, it had embarked on a solid recovery. Through strategic gains, it continued this positive trajectory into 2025. This pattern reflects increasing market trust and investor interest in JasmyCoin.
Crypto analyst observations align with the broader market, where several cryptocurrencies have similarly achieved impressive gains.
Over the past 24 hours, JasmyCoin has marked a notable increase in its market price, now sitting at $0.04061. This represents a surge of 11%, pushing its market capitalization to approximately $2.04 billion, ranking it 59th in global cryptocurrency standings.
JasmyCoin Surges 27.51% After Breaking Key Resistance TrendlineTransaction volumes have also climbed, showing a 20.04% rise within the same time frame, totaling $380.75 million. This heightened activity underscores a growing investor interest and trading momentum for JASMY.
The daily technical indicators for the JASMY/USD reveal a significant uptrend, signaling a bullish market sentiment. The Relative Strength Index (RSI), currently at 87.49, suggests the asset is overbought.
Meanwhile, the Moving Average Convergence Divergence (MACD) echoes this growth, with its histogram expanding and the MACD line surpassing the signal line, further underscoring the current momentum.
