- JasmyCoin is forming a rounded bottom, often seen before price surges.
- Volume is shrinking, similar to patterns before past rallies.
- A breakout above $0.01480 could lead to short-term targets near $0.016.
JasmyCoin is flashing bullish signals as volume tightens and price forms a familiar breakout pattern. With resistance in sight, traders are watching closely—could a repeat of its early 2024 rally be on the cards?
Bullish Pattern Returns as JASMY Holds Strong
JasmyCoin has started to gain momentum again. On September 12, its price hit $0.01461, rising 2.88% in 24 hours. Trading volume was around $31.2 million, according to CoinMarketCap.
The chart shows a rounded bottom forming. This same pattern appeared before JASMY’s big breakout in early 2024. Back then, the price surged right after this shape was completed. That move was also supported by rising volume after a quiet phase.
Now, we see volume compressing again. This usually means smart money is buying quietly before a big price jump. Technical analyst Javon Marks shared this setup on X, pointing to the pattern as a possible sign of another rally.
Resistance Ahead – Watch for Volume and Momentum
The price broke above a descending trendline, which had been holding it down. This move came with increasing volume—a good sign.
The 9-period EMA (Exponential Moving Average) is now sitting below the price indicating a bullish short-term outlook. However, the Stochastic RSI is in the overbought zone,signalling there might be a small pullback before the next push up.
A break above resistance at $0.01475 could open the door to $0.016 in the short term.There is a Fair Value Gap (FVG) lying just above the current price.These gaps often attract price action, adding to the chances of another move up.
Wider Market Confidence Boosts Momentum
Between September 6 and 12, JASMY’s market cap rose from below $680 million to near $730 million. This shows improving investor confidence. Quick recoveries after dips suggest strong buying pressure.
JasmyCoin’s market cap is around $698 million, with 48 billion tokens in circulation. Long-term predictions suggest JASMY could reach above $0.0314 by the end of 2025. Still, short-term movement depends on volume and key resistance levels.
If volume breaks out soon, JasmyCoin could repeat its early 2024 rally.
