4 days ago
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JasmyCoin (JASMY) has surged more than 24% in the past 24 hours, catching the attention of traders and crypto enthusiasts alike.
This sudden rally follows a period of volatility and has sparked renewed optimism about the token’s short-term potential.
The upward move has pushed JASMY to a fresh 24-hour high of $0.01453, highlighting a strong return of bullish momentum.
JasmyCoin’s bounce back after geopolitical pressure
Just days ago, JasmyCoin was trading around $0.01000, one of its lowest levels in recent months.
This dip was triggered by market-wide panic after news broke that the US had launched airstrikes on Iranian nuclear facilities.
As expected, the impact rippled through global markets and cryptocurrencies were not spared.
Bitcoin (BTC), Ethereum (ETH), and smaller-cap altcoins like JASMY faced sharp selling pressure as investors rushed to reduce exposure to risk.
Despite the downward spiral, veteran trader Matthew Dixon stepped in with a contrarian view.
He noted on social media that JASMY’s selloff could be nearing a local bottom, arguing that the worst may have been priced in.
True to Dixon’s view, JASMY is up as he anticipated
#Jasmy jumped higher as expected from yesterday and is in the EARLY stages of a larger impulse higher Now either completed or close to completion of the 1st wave of the impulse which will be followed by minor 2nd wave correction before a more powerful 3rd wave extension higher 🚀
Notably, the currency bounce back comes amid a notable 126.60% jump in daily trading volume, which now stands at approximately $100.8 million.
This surge in activity confirms growing investor interest and supports the possibility of sustained bullish momentum.
Oversold conditions fuel optimism
Technically, JasmyCoin’s four-hour chart had been showing clear signs of weakness since early February, with a pattern of lower highs and lower lows.
However, the token found strong support in the $0.01000 region, which historically has acted as a reliable accumulation zone.
In addition to finding technical support, the Relative Strength Index (RSI) on the 4H chart dipped below 30 on June 22, indicating that the asset had entered oversold territory.
This often leads to a bounce, as buyers tend to re-enter at these levels, and on the following day (June 23) the altcoin saw a sharp bounce back.
While the token has pushed the RSI on the 4-hour chart now to the overbought region, the RSI on the daily chart is hovering around 52, signalling a possible continuation of the bullish trend in the long term, while we could see a slight pullback in the course of today.
Bullish breakout possible if $0.0145 is breached
Currently, all eyes are on the $0.0145 resistance level, which the price recently tested.
If bulls manage to push JASMY past this barrier with conviction, the stage could be set for a continuation toward higher resistance zones.
Analysts are now watching key upside targets at $0.01520, $0.01600, and even $0.01740 in the coming days.
These price points represent not only psychological levels but also zones of previous consolidation that could attract new buyer interest.
JasmyCoin price chart| Source: GeckoTerminalHowever, long-term resistance still looms.
Although the near-term picture has brightened, traders remain cautious as JASMY approaches longer-term resistance between $0.01700 and $0.01850.
This area has previously acted as a strong ceiling and could invite selling if reached too quickly.
Should the bullish rally continue beyond that range, the next major supply zone lies between $0.02150 and $0.02300.
This region saw notable rejection in past rallies and could serve as a key decision point for long-term trend direction.
Despite the risks, the overall sentiment has clearly shifted.
Traders and analysts alike are beginning to reframe the recent drop not as a breakdown, but as a dip within a broader bullish setup.
JasmyCoin price prediction: Is JASMY ready for more gains?
With momentum indicators flashing green and technical support holding firm, JasmyCoin appears well-positioned for another leg higher.
Short-term price action will depend heavily on whether bulls can maintain control above the $0.0145 mark and push into the next resistance zones.
If trading volume continues to rise and macro conditions stabilise, the potential for a breakout toward the $0.017–$0.018 range becomes more likely.
While the path forward may still face challenges, JasmyCoin has shown resilience and an ability to recover swiftly.
For now, the market is watching closely as JASMY flirts with key breakout levels, and the bulls seem ready to take charge.
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