JASMY’s Hidden Bullish Divergence Confirms Momentum Despite Recent Pullback

• JasmyCoin’s 2-hour chart displays Hidden Bullish Divergence, signaling underlying strength despite recent price pullbacks.
• Price remains above the ascending trendline, reinforcing support, while RSI shows stabilization and potential momentum.
• The pattern aligns with a continuation trend, attracting technical traders to monitor for sustained upward movements.

JasmyCoin ($JASMY) recently displayed a textbook Hidden Bullish Divergence on its 2-hour chart, signaling concealed strength despite the recent pullback in prices. This technical indicator often points to the continuation of an underlying trend, even when short-term price movements appear bearish. 

JasmyCoin ($JASMY) has displayed a strong response on its 2-hour chart following a recent Hidden Bullish Divergence. This technical pattern is often recognized for indicating the continuation of underlying market strength, even amidst short-term pullbacks.

The divergence emerged when $JASMY’s price formed higher lows, while momentum indicators such as the Relative Strength Index (RSI) created lower lows. This setup signaled the possibility of underlying momentum in prices, aligning with bullish technical conditions.

Technical Analysis of Hidden Bullish Divergence

Hidden Bullish Divergence occurs when the price forms higher lows, but the corresponding indicator, often the Relative Strength Index (RSI), forms lower lows.

This pattern typically indicates that an asset retains upward momentum, even as it experiences a temporary dip. On the $JASMY 2-hour chart, this pattern confirmed the resilience of the cryptocurrency’s underlying trend.

The price chart by Javon Marks shows a rising wedge pattern followed by a pullback, with support formed along an ascending trendline.

The RSI reflects a Hidden Bullish Divergence, with lower lows on the indicator while prices form higher lows. This technical pattern indicates underlying momentum, as the divergence aligns with a sustained upward trend.

Source: Javon Marks(X)

 Price movements remain above the ascending trendline, reinforcing short-term support levels. The RSI’s movement towards neutral levels also suggests stabilization, with further developments dependent on breaking or holding key support zones.

This setup aligned with the pattern criteria, providing evidence of latent strength in the market. Analysts have noted that such a pattern can precede a continuation of the prior trend, often sparking renewed interest from technical traders.