JasmyCoin

Date: February 1, 2025 | 11:58 AM GMT
The cryptocurrency market is seeing a pullback today, with major altcoins trading in red as <a href="https://coinsprobe.com/top-altcoins-to-watch-for-potential-gains-this-month-eth-xrp-and-avax-in-the-spotlight/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> retesting its breakout level around $3,250.
Amid this, JasmyCoin (JASMY) is also experiencing a 5% decline, currently trading at $0.032. However, a key technical setup suggests that a potential rally could be on the horizon.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f5ba24351fb04e05b422e412765633dc.png">Source: Coinmarketcap
<h3 id="jasmycoin-retests-falling-wedge-breakout">JasmyCoin Retests Falling Wedge Breakout</h3>
JasmyCoin (JASMY) has recently broken out of a falling wedge pattern. The breakout occurred on January 30, when the price surged above the descending resistance trendline at $0.030, leading to a short-term rally to $0.03463.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8e07ae428d2a44a7b628ecf94c08399e.png">JasmyCoin (JASMY) Daily Chart/ Coinsprobe (Source: Tradingview)
However, today’s price drop led to a retest of the breakout level at $0.030, but with support from the 25 SMA, the price has now recovered to $0.032.
If JASMY successfully holds this level and bounces, it could target the next resistance zones at $0.036 and $0.041—representing a 30% potential upside from the current price.
<h3 id="what-s-next-for-jasmy">What’s Next for JASMY?</h3>
JasmyCoin’s next move largely depends on Ethereum’s (ETH) performance.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/261d0a7ae285486fa4c54ddaa176b91f.png">Ethereum (ETH) Daily Chart/ Coinsprobe (Source: Tradingview)
Since ETH is also retesting its breakout, a successful bounce from $3,250 could trigger a broader altcoin rally, benefiting JASMY as well.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before making investment decisions.
Also Read: <a href="https://coinsprobe.com/top-altcoins-to-watch-for-potential-gains-this-month-eth-xrp-and-avax-in-the-spotlight/" rel="noopener noreferrer nofollow">Top Altcoins to Watch for Potential Gains This Month: ETH, XRP, and AVAX in the Spotlight.</a>

Jasmycoin (JASMY) Retests Falling Wedge Breakout: Is An Upside Move On The Horizon?

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