#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
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