JASMY Eyes $0.028 Support Flip as Bulls Seek to Reclaim Momentum

• The demand range of $0.028-$0.0255 is critical for maintaining the bullish market structure and preventing further declines.
• A bounce from this support could enable bulls to regain control, driving price growth toward higher resistance levels.
• Failure to hold above the support zone may trigger bearish momentum, pushing the price toward lower support areas.

The JASMY has approached a support zone marked by a demand range. This zone, between $0.02800 and $0.02550, remains a key area for the asset’s price movement. As long as the price is sustained above this level, the bullish market structure will remain intact.

Key Support Levels at $0.02800 – $0.02550

A trading view chart shows a clear descending channel broken upward, followed by a resistance-to-support flip near $0.028. Key levels include strong support at $0.017 and resistance at $0.038. The price recently retested support, with an upward trajectory indicated. Bullish continuation aligns with previous breakout behavior, signaling potential growth towards higher price zones.

The support zone identified between $0.02800 and $0.02550 has attracted significant demand. This range has been critical for maintaining price stability and preventing further declines. If the price continues to hold above this range, market participants could anticipate further attempts at a breakout.

The established demand zone acts as a buffer for buyers, ensuring a steady base for future bullish attempts. Maintaining this level would ensure the bullish structure remains unaffected, creating opportunities for upward price movement.

Potential for Bullish Rebound

A bounce from the current support zone would provide bulls with an opportunity to strengthen market dominance. If buyers capitalize on this price level, the momentum could shift toward reclaiming higher resistance zones. 

This could also create renewed market interest, encouraging further trading activity. However, losing this support zone may lead to a shift in market structure. In such a scenario, the bearish momentum could accelerate, pushing the price toward lower support levels.

The demand zone between $0.02800 and $0.02550 not only holds short-term importance but also reflects the market’s medium-term dynamics. A failure to sustain above this zone could indicate a broader shift in sentiment. For bulls, defending this area remains crucial to maintaining the upward trajectory.