- JasmyCoin has broken out of a descending wedge pattern, forming higher lows and signaling a structural shift supported by strong technical confirmation.
- Weekly charts show consolidation above a rising support line, with MACD nearing crossover and Stochastic RSI providing space for sustained bullish momentum.
- A breakout above $0.017 could trigger expansion, with a $0.2785 target offering +1,761% upside if market conditions remain favorable for altcoins.
JasmyCoin (JASMY) is positioning for a potential large-scale rally as technical signals and structural shifts suggest the possibility of accelerated growth. Analysts are now focused on a smaller target at $0.2785, pointing to more than +1,761% upside.
Breakout Patterns Signal Structural Change
After enduring a multi-year downtrend, JasmyCoin recently confirmed a breakout from a descending wedge formation. Such a structure is typically associated with trend reversals, offering signals of renewed strength. The breakout was followed by a higher low, underscoring a positive change in direction.
Analyst Javon Marks drew attention to this setup in a market update, stating that JASMY could be preparing for “one of the most explosive moves in the altcoin space.” His analysis places the smaller target at $0.2785, which, despite appearing modest, represents substantial upside from current market levels.
This projected level also aligns with a historically established resistance zone. Should Bitcoin continue to drive market momentum during the fourth quarter, JasmyCoin may find additional fuel to approach these higher ranges.
Technical Indicators Strengthen the Bullish Bias
Weekly price action for the JASMY/USDT pair shows an ascending support trendline holding firm. Consolidation above this line suggests stability and provides a foundation for the next leg of growth. This base formation has attracted closer attention from traders monitoring early signs of continuation.
Momentum tools are also providing supportive signals. TThe MACD is approaching the bullish cross over and the Stochastic RSI has been almost at the neutral figures of around 49 and it has the freedom to resume its upward trend. All these signs show that the market environment is buyer friendly.
In addition, the creation of higher lows adds confirmation of the evolving structure. Long lower wicks on candles above the trendline indicate active demand at critical levels, showing that buyers continue to defend price support zones.
Path Toward the $0.2785 Target
The near-term goal at $0.2785, as outlined by Marks, is regarded as a key milestone in JASMY’s developing structure. With the token trading near $0.0143, the path toward this target offers a sizable growth window for market participants.
Trading volume has declined in recent sessions, a condition often preceding expansions. This suggests that JasmyCoin may be in a re-accumulation phase, preparing for an expansion once local resistance levels are broken. A clear move above $0.017 could initiate such momentum.
The market-wide forces, especially the direction of Bitcoin are also likely to influence the same. As long as the wider crypto market remains resilient, JASMY being in a position to hold its trendline support would make the argument of further expansion to the growing trendline up to the $0.2785 mark.
