- JasmyCoin tests strong support near $0.0136, fueling a bullish reversal setup.
- The massive inverse head and shoulders pattern points to a breakout target above $3.
- Volume and momentum indicators hint at growing buying interest for a potential rally.
JasmyCoin (JASMY) is showing signs of a major breakout despite a recent dip. Trading at $0.0141 with a 3.33% drop in 24 hours, the coin has formed a massive inverse head and shoulders pattern. A break above neckline resistance could ignite a sharp rally .
Massive Inverse Head & Shoulders Pattern Takes Shape
JasmyCoin has carved out a textbook inverse head and shoulders pattern on the charts—a classic bullish reversal signal. The pattern has a left shoulder, a deeper head, and a right shoulder forming higher lows. This suggests selling pressure is fading and buyers could soon take control.
The neckline is currently sloping downward, and is serving as a resistance. A breakout above this neckline could trigger strong upward momentum.
In case of a breakout technical projections place targets as high as $4, a substantial leap from current price levels around $0.014. While ambitious, the pattern’s sheer size makes a rally toward $3 reasonable if volume holds strong.
Support Holds Near $0.0136, Setting Stage for Reversal
JasmyCoin recently tested a critical support zone between $0.014 and $0.0136. This level has held firm and absorbed selling pressure and gathering liquidity. As long as the $0.0136 floor remains intact a rebound is possible in the next trading sessions..
Short-term indicators support this view. The 4-hour chart shows Jasmy slightly below the 9-period Simple Moving Average but momentum is shifting. The Stochastic RSI is in oversold territory. However it is beginning to turn up, hinting at seller exhaustion and a potential bounce.
Volume has remained steady without big sell-offs, this shows stability and possible accumulation. A push above $0.0145 could ignite further buying, and target resistance near $0.0155 in the near term.
Long-Term Support Signals Bigger Move
Looking at the monthly chart, JasmyCoin has a long-term support level in the 0.00000010 to 0.00000013 BTC range. This level has stopped price drops twice in the past, each time leading to solid rebounds.
This repeated support suggests buyers are ready to defend the area and build a base for a larger rally. If JasmyCoin confirms the breakout from the inverse head and shoulders pattern, it could attract more buyers and push prices higher.
