- JASMY remains above key $0.015 support as volume shows accumulation despite cooling RSI and bearish MACD crossover.
- Breakout pattern from 2022 downtrend holds; cup and handle structure may form if higher lows persist.
- $0.2785 breakout target remains active with resistance at $0.035, $0.08, and $0.20 needing to be breached for continuation.
JASMY is approaching a key point, with price activity showing a consolidation phase near $0.015. Following a prolonged decline from its all-time high of $4.29 in 2021, the asset broke out of its multi year downtrend in late 2022.
This reversal, which ended the bearish pattern, transitioned into a steady accumulation zone throughout 2023. Prices repeatedly tested resistance between $0.0075 and $0.009, while support held firm near $0.0040.
The asset’s ongoing pattern suggests a potential bullish continuation as long as this structure remains intact.
Breakout Structure Still Holds
Since the December 2022 breakout, the market has seen tighter consolidation. Notably, a bullish structure marked the exit from the descending channel. The following months established a defined range.
By July 2025, JASMY had rallied above $0.020 before retracing to the $0.015 level. Recent action suggests the formation of a cup and handle pattern, often linked with upward continuations. Price action shows higher lows forming, indicating sustained buyer interest.
Volume activity supports this pattern as well. Today’s volume is at 55.58 million, lower than peak July levels but above average. Although not at breakout strength, the current volume shows accumulation. This behavior has aligned with brief rallies, suggesting momentum is gradually building again.
Technical Indicators Point to Market Indecision
The RSI is at 50.01, placing it in a neutral level. Earlier, RSI peaked at 60.74, indicating a brief period of increased buying strength. However, the cooling RSI suggests reduced momentum, which aligns with the current sideways price movement.
The MACD shows early caution. A recent bearish crossover places the MACD line below the signal line. The histogram shows a negative value of -0.00034, supporting the view of weakening momentum.
Breakout Target of $0.2785 Still Active Despite Pullback
Despite the current consolidation, the $0.2785 breakout target is unchanged. Time, not structure, remains the key barrier. For this target to become attainable, JASMY must clear resistance at $0.035, $0.08, and $0.20.
Support near $0.015 must also hold to maintain the pattern’s integrity. A break below $0.015 could open the downside to $0.0135 or even $0.0120. However, if RSI lifts and MACD momentum turns upward, the next move could challenge the $0.0185–$0.0200 levels.
