Jasmy Coin Prediction: Is Jasmy on the Verge of a Breakout?

JasmyCoin constantly stays above the 100-day moving average

• #Jasmy coin is currently within a triangle pattern on the daily timeframe and is nearing its resistance trendline.

• Since March, Jasmy Coin's price has remained stagnant as the recent crypto rally lost momentum.

• After reaching a year-to-date high of $0.02749 in March, the token experienced a sharp decline of over 44.80% to a low of $0.01526. Notable stagnations occurred on March 5th, 19th, and May 1st.

• The daily chart indicates the formation of a small inverse head and shoulders pattern.

• Consequently, the token is likely to experience a bullish breakout, with $0.026 being the next significant price level to observe, representing its highest swing on April 11th.

• As per Coin Gabbar analysis, If $Jasmy Coin breaks out of the triangle pattern, it may undergo a surge and potentially test the upper resistance level of $0.0280.

• However, a bearish reversal could prompt $Jasmy Coin's price to retreat towards its support level of $0.0180 within this month.

KEY LEVELS :

RESISTANCE LEVEL : $0.028000-$0.042000

SUPPORT LEVEL : $0.018800-$0.014000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.