JasmyCoin Breaks Out, Signals Massive Potential Rally with Over 150% Gain Target Ahead

• JasmyCoin forms bullish divergence against Bitcoin, hinting at a potential rally beyond 0.00000870 BTC.
• Support at 0.00000280 BTC holds strong as JasmyCoin continues to show upward momentum following a breakout.
• JasmyCoin’s price tests critical 200 EMA resistance, with RSI and OBV signaling room for further bullish movement.

JasmyCoin (JASMY) has shown strong signs of potential outperformance against Bitcoin (BTC) after confirming a hidden bullish divergence pattern. Recent price action suggests that the pullback may be short-lived, and the technical setup points toward a possible upward continuation. Currently, the price of JasmyCoin is 0.00000300 BTC, with projections hinting at a rise toward 0.00000870 BTC, over 150% from the current level.

Higher Lows and Key Support Levels Fuel Bullish Momentum

Following a prolonged downtrend, JasmyCoin broke out from a descending wedge pattern in July 2023. This breakout, alongside the formation of higher lows, indicates growing bullish momentum. 

Support remains strong around the 0.00000280 BTC level, providing safety from further downside. Notably, the higher lows mark a turning point, suggesting buyers are increasingly stepping in, ready to drive the price higher.

Relative Strength Index and OBV Indicate Building Momentum

The Relative Strength Index (RSI) further strengthens the bullish case, showing a bullish divergence where lower lows in the RSI contrast with higher lows in the price. This divergence hints at growing strength in the price despite previous declines. The RSI value remains below 70, suggesting the asset is not yet overbought, leaving room for further upward movement.

In addition, volume indicators such as On-Balance Volume (OBV) suggest strong buying pressure, further confirming the likelihood of sustained gains. The OBV’s rising trend aligns with the current price breakout, providing additional support for a potential rally.

EMA Crossover Critical for Next Upward Move

On the JasmyCoin/USDT 4-hour timeframe, the price is testing the 50-period and 200-period exponential moving averages (EMAs). At press time, JASMY was trading at $0.02021, with the 200 EMA at $0.02038 acting as a critical resistance level. 

A break above this resistance could push the price toward $0.02200 or higher, confirming the bullish trend. However, failure to break this level could see a retest of the $0.01957 support zone.