Based On Technical analysis, What Could Be The Potential Price Prediction For JasmyCoin (JASMY)?
An analyst, Captain Faibik, Tweeted with the bullish sentiment on the X platform that In JasmyCoin (JASMY) a slight breakout has taken place out of a bullish pennant pattern on the daily chart.
Similarly, based on the analyst tweet, the JASMY asset daily chart exhibits that it has been surging from support and remains above the 50-day, and 200-day EMAs, portraying bullish strength in the long-term.
Likewise, the MACD portrays a bullish cross, with a rising histogram in JASMY at 0.00033, and the RSI glared at 62.50, which has taken backing from 14-SMA line. It portrayed that the JasmyCoin crypto is not losing bet yet and could keep on riding higher in future sessions.
Therefore, if the breakout rallies strongly, the next goal for the JasmyCoin price could be to reach the above levels, such as $0.02750 and surpassing this could crack it up to $0.03500.
On the contrary, if the price deteriorates and trades back inside the pattern again, the bullish pattern made in Jasmy would fail its worth and would be failed.
Likewise, in this scenario, if the JasmyCoin crypto price fails to sustain above the $0.01650 level, it could also decline further towards the demand zone.