- JasmyCoin confirms hidden bullish MACD divergence as it reclaims trendline support, targeting a potential 1,950% price surge.
- Strong recovery from 2022 lows with over 2,000% gains and consistent support validation points to renewed long-term bullish momentum.
- Consolidation within an upward channel and rising volume signal potential breakout as $0.2788 target remains firmly in play.
As per crypto analyst Javon Marks, JasmyCoin (JASMY) has confirmed a hidden bullish divergence on its MACD. This signal follows a sharp yet temporary pullback, strengthening the case for a renewed uptrend continuation. The divergence comes just as JasmyCoin reclaims its ascending trendline, a sign that bullish momentum may soon return. Besides, with its projected target standing at $0.2788, the upside potential exceeds 1,950% from current levels near $0.0132. Consequently, market sentiment has shifted, with traders eyeing a potential 20x return if technical levels hold.
Strong Recovery From 2022 Bear Market
JasmyCoin previously suffered a decline from $0.040 in late 2022 to $0.003 in early 2023. Black trend lines contained this downtrend until a r breakout occurred. This breakout, around $0.005, began a historic rally. The price climbed over 2,000%, reaching highs near $0.060 in 2024. Ascending trendlines formed during this recovery act as support.
Source:Javon Marks
Moreover, the cryptocurrency has respected key technical structures. Support zones have consistently held through minor corrections. Additionally, volume indicators confirm that accumulation preceded each upward move. This confirms market participants have been strategically building positions throughout the climb.
Consolidation Sets Stage for Massive Breakout
Besides the historical gains, JasmyCoin has displayed healthy consolidation patterns. These ranged between clear support and resistance levels, forming an upward trading channel. Each consolidation period acted as a base for the next leg up. Hence, traders now anticipate the next major breakout as price action tightens within the channel.
Moreover, the price remains comfortably above key support zones. Technical signals such as MACD divergence, volume spikes, and trendline validation continue aligning. Consequently, many expect the price to approach the $0.2788 target within the ongoing cycle.
