- JASMY surged 398% after breaking long-term resistance, signaling bullish momentum.
- Weekly candles confirm buying strength as JASMY targets a $0.2785 macro level.
- A double-bottom near $0.015 builds the case for a continued recovery trend.
JasmyCoin (JASMY) has surged over 398% following a confirmed breakout from its long-term descending resistance trendline. Current price action reflects strength, and analysts now anticipate a climb toward $0.2785, marking a potential gain exceeding 1,530%.
Breakout Retest Confirms Structural Shift Toward Bullish Bias
This section focuses on the technical validation behind the breakout and the projected trajectory based on the support structure. Analysts assess the price behavior surrounding key reversal points and use historical trend data for confluence. The resulting setup presents a strong case for macro trend continuation if the structure holds.
Javon Marks, a well-known analyst, provided a detailed technical analysis of JASMY’s current position following its recent breakout. Studying the price trajectory post-breakout, he identifies a clear 398% rise as confirmation of structural reversal. With prices now retesting the prior resistance as support, Marks emphasized this zone as pivotal for trend validation.
Source: Javon Marks
Reviewing the latest candle activity, he notes strong bullish follow-through without major rejection from previous resistance areas. The weekly price action shows multiple green candles forming above the breakout zone, indicating buyer control. This move reinforces the bullish outlook and positions JASMY for the next upward expansion phase.
Taking into account the broader chart formation, he identifies a target of $0.2785 based on previous macro resistance. This target reflects a full recovery to a former supply zone and implies a gain of over 1,530%. Marks concludes that maintaining a price above this trendline unlocks bullish continuation toward the projected resistance level.
Broader Market Views Align With Recovery Structure
This section adds secondary analysis from a separate macro perspective to enhance the technical outlook with new structural detail. By focusing on historical zones, pattern setups, and breakout confirmations, analysts validate key support levels and upward targets. The price pattern continues to reflect strength in critical areas of accumulation.
Source: Solberg Invest
Solberg Invest evaluated the macro chart and confirmed a 70% return since its original entry into the position. Citing the green support box between $0.005 and $0.015, he highlights this zone as a foundational base. He identifies a visible double-bottom structure forming inside that range, creating a launchpad for higher price action.
The recovery wave now stretches toward $0.05984, coinciding with a prior rejection zone from late 2023. If confirmed, this double-bottom breakout would mark a structural reversal on the weekly timeframe. The neckline break is the final step required before the next bullish extension can begin.
Weekly candles show expanding bodies with smaller upper wicks, reflecting clear momentum building from institutional buyers. That consistent pressure near support reinforces the bullish case and suggests ongoing accumulation. Solberg’s chart aligns with Marks’ breakout thesis, supporting the long-term move toward macro resistance levels.
