JasmyCoin (JASMY) is a cryptocurrency project from Jasmy Corporation, an IoT provider based in Tokyo. The JasmyCoin price is moving toward a significant upward movement.
Using the Fibonacci retracement tool, a popular cryptocurrency analyst forecasts a price target ranging from $0.3 to $1. This technique in analysis assists traders in identifying possible resistance or support levels based on historical price trends.
JasmyCoin Price Outlook: Fibonacci Levels Point to $1 Target
Crypto analyst Gert van Lagen, who boasts over 110k followers on X, has provided an optimistic technical analysis of JasmyCoin ($JASMY), highlighting a “Cup & Handle” pattern showing on the weekly chart.
This well-known technical setup indicates a breakout, with Fibonacci resistance levels ranging from $0.30 to $1 identified as important price targets. The chart showcases a long downtrend that has been reversed, followed by a rounded accumulation phase, which corresponds with the Cup & Handle structure.
The analysis suggests that JasmyCoin (JASMY) could experience considerable upward momentum toward these resistance points if it continues its trajectory.
These levels are derived from mathematical ratios (including 23.6%, 38.2%, 50%, 61.8%, and 78.6%) based on the asset’s previous high and low. If JASMY continues its uptrend, traders will watch these resistance levels as potential areas where selling pressure may increase, making it harder for the price to break through without strong buying momentum.
Will JASMY Coin Price Breakout?
JasmyCoin is changing hands for $0.02542, a 3.08% increase, in the last 24 hours. If it reaches between $0.30 and $1 in the coming months, this could mean a rise of about 1085.43% to 3846.09% from its current price.
Although these potential gains sound promising, JASMY’s price increase seems possible because it is nearly 100% down from its highest price during the last bull market. On February 16, 2021, when the token launched, it peaked at $4.99. Now, it is 99.49% lower than that peak.
Other cryptocurrencies like Solana (SOL) and Cardano have also bounced back after sharp declines in past years. Bitcoin has experienced similar movements. It dropped from over $60,000 in late 2021 to around $16,000 in early 2023 but has now rebounded to over $100k.
Furthermore, the 2025 bull rally may catalyze a major rally in altcoins. Investors are looking for undervalued assets with significant upside potential—JASMY aligns with that description.
READ MORE: Crypto Price Analysis–Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB)
