Dogecoin

bullish

Spike

JasmyCoin

<p>Analyst CryptoBullet shared insights into <a href="https://captainaltcoin.com/how-much-will-100000-jasmycoin-jasmy-tokens-be-worth-in-this-bull-run/" target="_blank" rel="noopener noreferrer nofollow">JasmyCoin (JASMY),</a> outlining a conservative outlook for its price trajectory. According to CryptoBullet, JASMY is positioned for a fifth and final upward movement, but extreme targets such as $1 or $3 are deemed unlikely.&nbsp;</p>
<p>Rather, the expert has indicated a target region for this expected last wave that is around $0.085 to $0.125. CryptoBullet employs the Elliot Wave Theory in his analysis, a methodology for forecasting price patterns in financial markets.</p>
<p>Per CryptoBullet, JASMY has already completed four major waves, leaving room for one last rally in Wave 5. Previous waves show strong upward momentum, with Wave 3 displaying the most powerful movement, aligning with typical Elliott Wave behavior.&nbsp;</p>
<p>Currently, JASMY is in a corrective Wave 4, where prices consolidate after the highs of Wave 3. The upcoming Wave 5 is projected to reach between $0.085 and $0.125, with CryptoBullet cautioning against overly optimistic price targets due to market structure and previous performance.</p>
<h2 class="wp-block-heading" id="strong-fibonacci-levels-reinforce-target-zone-strong"><strong>Fibonacci Levels Reinforce Target Zone</strong></h2>
<p>In addition to Elliott Wave analysis, CryptoBullet’s chart incorporates Fibonacci retracement and extension levels to mark support and resistance zones. The 0.5 Fibonacci level aligns with the Wave 4 correction, underscoring this level as a significant retracement for the pullback.&nbsp;</p>
<p>Meanwhile, the 1.618 Fibonacci extension aligns closely with the upper boundary of the projected Wave 5 range at $0.085, reinforcing this target as a feasible high for the next upward move.</p>
<p>CryptoBullet’s target range of $0.085 to $0.125 highlights where potential resistance may emerge. If JASMY reaches this zone, it could experience selling pressure that might end the <a href="https://coinmarketcap.com/currencies/jasmy/" target="_blank" rel="noopener noreferrer nofollow">current upward trend</a>.</p>
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<p><strong><em>Read also: <a href="https://captainaltcoin.com/dogecoin-doge-could-spike-to-1-if-trump-wins-the-election-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Could Spike to $1 If Trump Wins the Election: Here’s Why</a></em></strong></p>
<h2 class="wp-block-heading" id="strong-support-and-resistance-levels-indicate-market-structure-strong"><strong>Support and Resistance Levels Indicate Market Structure</strong></h2>
<p>The current price structure also reflects specific support and resistance zones for JASMY. The $0.015 level, formed during Wave 4, is crucial for sustaining a<a href="https://www.crypto-news-flash.com/jasmy-bullish-outlook-analyst-predicts-1500-surge/" target="_blank" rel="noopener noreferrer nofollow"> bullish outlook</a>.&nbsp;</p>
<p>Should JASMY maintain this support, it may provide the foundation necessary for an upward movement into Wave 5. Conversely, a breakdown below $0.015 could disrupt the expected bullish wave.</p>
<p>In terms of resistance, the $0.085 to $0.125 range, anticipated as the peak of Wave 5, will likely act as a substantial resistance area. If the price advances into this region, JASMY could encounter considerable selling pressure, capping the upward potential.</p>
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<p>The post <a href="https://captainaltcoin.com/is-jasmycoin-jasmy-price-running-out-of-steam-analyst-predicts-limited-upside/" rel="noopener noreferrer nofollow">Is JasmyCoin (JASMY) Price Running Out of Steam? Analyst Predicts Limited Upside&nbsp;</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is JasmyCoin (JASMY) Price Running Out of Steam? Analyst Predicts Limited Upside

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