Pendle

Rally

JasmyCoin

Captain

Coin

<p>Bullish technical setups are emerging on JasmyCoin (JASMY) and Pendle (PENDLE). Crypto analyst Captain Faibik has spotted a pennant pattern on JASMY pointing to a 57% rally. Meanwhile, Pendle’s uptrend may continue based on its daily chart.</p>
<h2 class="wp-block-heading" id="strong-jasmy-s-pennant-hints-at-57-rally-strong"><strong>JASMY’s Pennant Hints at 57% Rally</strong></h2>
<p>According to crypto analyst @CryptoFaibik, JASMY appears to be forming a bullish pennant pattern on the 8-hour chart against Tether (USDT). This technical formation typically signals continuation of the preceding trend after a period of consolidation.</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="489" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-1024x489.png" alt="" class="wp-image-473038" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-1024x489.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-300x143.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-768x367.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-1536x734.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-2048x979.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-314x150.png 314w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-732x350.png 732w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-579-788x376.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-579.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>“JASMY bullish pennant upside breakout looks promising for the 2x bullish rally in the coming days,” @CryptoFaibik stated while sharing a chart of JASMY’s price action.</p>
<p>The chart shows two converging trendlines – an upward-sloping support line and a downward-sloping resistance line forming the pennant’s “flagpole.” If JASMY manages to break out from this pattern, @CryptoFaibik has an ambitious upside target of around 0.023192, marking a 57.35% rally.</p>
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<h2 class="wp-block-heading" id="strong-pendle-flashes-overbought-but-bull-trend-intact-strong"><strong>Pendle Flashes Overbought But Bull Trend Intact</strong></h2>
<p>Meanwhile, Pendle’s daily chart on TradingView points to an asset riding stellar upward momentum. The last several candlesticks are painted green, reflecting a string of higher daily closes as bullish sentiment takes over.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="441" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-1024x441.png" alt="" class="wp-image-473046" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-1024x441.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-300x129.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-766x330.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-1536x661.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-2048x882.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-348x150.png 348w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-813x350.png 813w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-580-788x339.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-580.png 1268w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Notably, the relative strength index (RSI) is elevated at 77, hovering just above the RSI-based moving average. This suggests Pendle may be overbought in the short-term. However, the moving average convergence divergence (MACD) indicator continues to trend higher above its signal line, hinting at potential for further upside.</p>
<p>Significantly, Pendle’s price of 7.3535 is well above the 200-period exponential moving average, a bullish sign of strong long-term support. As long as buyers continue to bid the cryptocurrency higher, the path of least resistance appears to be up.</p>
<p>While no technical signal guarantees future performance, the patterns highlighted by @CryptoFaibik and the daily chart suggest crypto traders should keep JASMY and Pendle on their watchlists for possible long opportunities in the coming sessions.</p>
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<p>The post <a href="https://captainaltcoin.com/jasmycoin-jasmy-poised-for-an-upside-breakout-as-pendles-bull-run-continues-key-indicators-to-watch/" rel="noopener noreferrer nofollow">JasmyCoin (JASMY) Poised for an ‘Upside Breakout’, as PENDLE’s Bull Run Continues: Key Indicators to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

JasmyCoin (JASMY) Poised for an ‘Upside Breakout’, as PENDLE’s Bull Run Continues: Key Indicators to Watch

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