JasmyCoin (JASMY) Surges on Bullish Momentum, Analysts Eye $0.30 Target

JasmyCoin (JASMY) is experiencing a surge in price, with analysts predicting a potential exponential rise. The token is currently retesting key resistance levels, and a breakout could propel it towards $0.30 in the coming weeks.

Community Leader Predicts “Iconic Bullish Flip”

Popular JASMY community leader Steph is Crypto has drawn a lot of attention with his analysis, predicting a repeat of the past. He suggests a “bullish flip” similar to a previous event that led to a 700% price increase for JASMY. In his video, Steph points to a potential timeline of just a few weeks or months for JASMY to reach $0.30.

JASMY/USD: Key Resistance Levels in Focus

Technical analysts are identifying key resistance levels that JASMY needs to overcome for further growth. The first hurdle is a band between $0.039 and $0.042, which JASMY is currently retesting. A successful breakout could see the price reach $0.045 or higher, according to some analysts.

The next resistance zone lies between $0.048 and $0.052, a level JASMY traded at during its Coinbase listing. Overcoming both these barriers is seen as crucial for a potential exponential rise.

Whales Accumulating JASMY

Large investors, often referred to as “whales,” are accumulating JASMY, according to Santiment’s analysis. This increased buying pressure is contributing to the upward momentum. Similar accumulation trends are being observed in other cryptocurrencies like Cardano and Shiba Inu.

Apple Mishap Fuels Short-Term Rally

JasmyCoin recently experienced a surge due to a misinterpreted announcement from Apple. Investors mistakenly believed JASMY was involved in Apple’s plan to integrate Japan’s My Number feature, leading to a price jump above $0.038. While the connection was inaccurate, it highlights the potential for future growth in the Jasmy ecosystem, which focuses on data security and privacy.