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<p>Top crypto analyst, World of Charts, has shared an optimistic prediction for <a href="https://captainaltcoin.com/jasmycoin-price-nears-key-resistance-heres-why-jasmy-bulls-are-optimistic/" target="_blank" rel="noopener noreferrer nofollow">JasmyCoin (JASMY).</a> He suggests that the token could experience a 2x price increase in the coming weeks.&nbsp;</p>
<p>Moreover, this forecast is based on a detailed analysis of JASMY’s chart. This chart shows a textbook bullish pennant pattern, a key indicator for potential upward movement.</p>
<h2 class="wp-block-heading" id="strong-jasmy-bullish-pennant-formation-identified-strong"><strong>JASMY Bullish Pennant Formation Identified</strong></h2>
<p>World of Charts’ analysis highlights a bullish pennant pattern on JasmyCoin’s price chart. This technical setup often appears after a strong upward movement, known as the flagpole, followed by a period of consolidation.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Jasmy&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$Jasmy</a><a href="https://twitter.com/hashtag/Jasmy?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Jasmy</a> Coin With Strong Community Showing Strength After Long Text Book (Bullish Pennant) On Verge Of Massive Breakout Successful Breakout Can Lead 2x Bullish Wave In Coming Weeks <a href="https://t.co/EeDFNdM3OR" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/EeDFNdM3OR</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1839769074135642461?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 27, 2024</a>
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<p>The price swings in a limited range during this phase to create convergent lines of support and resistance.</p>
<p>Although the presence of the pennant formation implies that JasmyCoin has momentarily stopped its increasing momentum, the general <a href="https://ambcrypto.com/aaves-rally-is-coming-and-here-are-the-factors-that-say-why/" target="_blank" rel="noopener noreferrer nofollow">bullish trend is still intact</a>. Usually, traders see such formations as hinting that the asset would soon start its upward slope again.</p>
<h2 class="wp-block-heading" id="strong-breakout-point-and-price-projection-strong"><strong>Breakout Point and Price Projection</strong></h2>
<p>According to the chart shared, JASMY recently broke out of the upper resistance line of the pennant, signaling a potential continuation of the previous bullish trend. Breakouts from bullish pennants are considered key indicators of <a href="https://www.coingecko.com/en/coins/jasmycoin" target="_blank" rel="noopener noreferrer nofollow">price movement</a>, often accompanied by increased trading volume.</p>
<p>World of Charts forecasts that JasmyCoin could achieve a 2x price increase from its breakout point. This projection is based on the height of the flagpole, which is applied from the breakout to estimate the potential target.&nbsp;</p>
<p>The target range is clearly marked on the chart with a blue rectangle, suggesting where the price could head in the coming weeks.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/could-ripples-xrp-price-cross-the-1-mark-soon-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Could Ripple’s (XRP) Price Cross the $1 Mark Soon? Here’s the Outlook</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-community-strength-and-market-sentiment-strong"><strong>Community Strength and Market Sentiment</strong></h2>
<p>World of Charts also emphasizes the strength of the JasmyCoin community, which has been instrumental in maintaining positive sentiment around the token. A strong community backing can play a critical role in supporting bullish trends, especially in a volatile market like crypto.</p>
<p>The prediction of a 2x price increase hinges on the technical analysis and on broader market conditions. If the breakout is supported by increased volume and sustained market interest, JASMY could see the anticipated price surge.</p>
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<p>The post <a href="https://captainaltcoin.com/this-crypto-trader-predicts-jasmycoin-jasmy-price-will-do-2x-in-coming-weeks-heres-how/" rel="noopener noreferrer nofollow">This Crypto Trader Predicts JasmyCoin (JASMY) Price Will Do 2x In ‘Coming Weeks’ – Here’s How</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Crypto Trader Predicts JasmyCoin (JASMY) Price Will Do 2x In ‘Coming Weeks’ – Here’s How

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