JASMY Breaks Out of Descending Triangle, Retesting Trendline with Rising Volume

• JASMY has escaped out of a descending triangle, signaling a possible shift in the 4-hour timeframe.
• Rising trading volume supports the breakout, reducing the risk of a false move 
• Holding past the trendline is key for upside, while failure may lead to retracement.

JASMY has broken out of a descending triangle pattern in the 4-hour timeframe, signaling a potential shift in momentum. The breakout follows a period of consolidation, where price action repeatedly tests the lower boundary of the triangle. A successful retest of the trendline could confirm a 100% throwback from the current zone, setting up further movement.

Technical Breakout Observed on 4-Hour Chart

According to Crypto Bull analysis, the descending triangle pattern formed over an extended period is characterized by a horizontal support level and lower highs. JASMY’s price action breached the upper boundary, completing the breakout. This movement aligns with technical expectations, where descending triangles often lead to significant price swings after a breakout.

The retest of the trendline will be critical in determining the sustainability of this breakout. If the price holds above this level, further upside could be anticipated. However, failure to maintain this support may indicate potential retracement before any continuation.

Volume Increasing as Momentum Builds

Market activity shows rising trading volume, which is a key factor in validating the breakout. Increased volume suggests that buyers are supporting the upward move, reducing the likelihood of a false breakout. Sustained volume growth would reinforce the potential for continued momentum in the coming sessions.

Volume trends historically provide confirmation in breakout scenarios. When price action aligns with rising volume, it strengthens the breakout structure and reduces the risk of immediate reversals. Monitoring this aspect will be crucial as JASMY navigates post-breakout conditions.

Market Reaction and Next Levels to Watch

A confirmed hold above this zone could open the door for further price expansion. The next potential resistance levels may emerge if price action sustains its upward trajectory following the breakout.

On the downside, failure to maintain trendline support could lead to pullbacks. In such a scenario, price action may revisit previous consolidation zones before establishing new directional momentum. Market participants are tracking these developments to assess the potential price path in the short term.