JasmyCoin

Date: Thu, Sept 19, 2024, 06:26 PM GMTThe cryptocurrency market has started a bullish rally, fueled by the U.S. Federal Reserve’s decision to cut interest rates by 50 basis points in a monumental move. This news triggered a positive reaction across the market, with Bitcoin (BTC) leading the charge, jumping 5.19% in the past 24 hours to surge above $63K.But it’s not just Bitcoin stealing the spotlight—Jamycoin (JASMY) has also caught the attention of investors today, gaining over 7.75% in the last 24 hours.<h3 id="key-breakout-jamycoin-s-descending-wedge">Key Breakout: Jamycoin’s Descending Wedge</h3>JASMY&#39;s recent rise can be attributed to a breakout from a descending wedge pattern on the 1-day chart, which we have <a href="https://coinsprobe.com/analyst-predicts-bullish-wave-for-jasmycoin-jasmy-following-rsi-breakout/" rel="noopener noreferrer nofollow">predicted </a>earlier. The breakout happened around the $0.01979 level, and the token has been climbing steadily ever since.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a8233b4d67554675acd9df9cabc5fe3c.png" /><h3 id="key-level-to-watch-for-rally-confirmation">Key Level to Watch for Rally Confirmation</h3>Popular crypto analyst &#64;StephisCrypto shared his <a href="https://www.youtube.com/watch?v&#61;aqPSpezOvYc" rel="noopener noreferrer nofollow">analysis </a>on YouTube, pointing out that JASMY is currently trading at $0.02124. He emphasized the importance of a daily close above $0.0215 to confirm a true breakout, as there was a fake-out just a few days ago. According to him, a break above the $0.0215 swing high from September 14th would confirm a stronger bullish move.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b4b073ce8f5b485988205026866fd97f.png" />Should Jamycoin successfully break this level, the next target is the $0.02341 resistance, offering the potential for a 12% gain from its current price.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Read More: <a href="https://coinsprobe.com/kaspa-shows-strong-long-term-holder-confidence-with-half-of-supply-unmoved-for-over-6-months/" rel="noopener noreferrer nofollow">Kaspa Shows Strong Long-Term Holder Confidence with Half of Supply Unmoved for Over 6 Months</a>

Jamycoin Surges Following Major Breakout: Key Level to Watch for Rally Confirmation

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