Quant

JasmyCoin

Date: Fri, February 14, 2025 | 10:53 AM GMTThe cryptocurrency market has been in a correction phase following the November rally, but signs of an altcoins recovery are emerging. Bitcoin dominance has dropped by 2.12% over the past 7 days, now sitting at 60.58%, suggesting that <a href="https://coinsprobe.com/near-and-fet-making-recovery-from-recent-lows-is-a-trend-reversal-on-the-horizon/" rel="noopener noreferrer nofollow">altcoins </a>might be gearing up for a rebound.Following this, JasmyCoin (JASMY) and Quant (QNT) are turning green in weekly performance after experiencing deep corrections of 48% and 30% over the past two months.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5aaa553156744157a4d7bf2b331d5685.png" />Source: CoinmarketcapBoth tokens are approaching key resistance levels within their falling wedge patterns—a classic bullish formation that often leads to breakouts.<h3 id="jasmycoin-jasmy">JasmyCoin (JASMY)</h3>JASMY has been stuck in a falling wedge since December 6, when it got rejected at $0.059. The price plunged to $0.018, testing the lower trendline of the wedge, but it has since started to recover.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c4ecc5d5d0cc4c6c9be58fe3ab91a534.png" />JasmyCoin (JASMY) Daily Chart/Coinsprobe (Source: Tradingview)Now, JASMY is trading at $0.023 and inching closer to the upper trendline of the wedge. If the price manages to break above this resistance and confirm support on a retest, a strong rally could follow. The next major obstacle will be the 200-day simple moving average (SMA). A successful breakout could push JASMY toward $0.03467, marking a potential 50% gain from its current price.The MACD indicator is flashing early signs of a bullish crossover, suggesting that buying pressure is starting to build.<h3 id="quant-qnt">Quant (QNT)</h3>Similar to JASMY, Quant (QNT) has also been forming a falling wedge pattern after facing strong rejection from its December 7 high of $171. The correction brought QNT all the way down to $73, where it found support at the lower trendline of the wedge.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/095cae39cf3f4ea58e1940e8ab80ccc3.png" />Quant (QNT) Daily Chart/Coinsprobe (Source: Tradingview)Currently, QNT is recovering and trading around $93.50. With the MACD indicator shifting toward a bullish crossover, momentum appears to be favoring buyers.If QNT breaks above resistance and confirms it as support, the next major hurdle will be the 25-day SMA. A successful breakout could push the price up to $115, offering a potential 22% upside.<h3 id="what-s-next">What’s Next?</h3>With JASMY and QNT nearing crucial breakout levels, traders should keep a close eye on their price action in the coming days. A breakout from the falling wedge pattern could trigger a strong rally, but overall market conditions, including Bitcoin dominance and Ethereum’s price movement, will play a key role in determining whether altcoins can sustain their recovery.Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/sand-and-mana-near-key-resistance-will-breakouts-trigger-a-recovery/" rel="noopener noreferrer nofollow">SAND and MANA Near Key Resistance – Will Breakouts Trigger a Recovery?</a>

JasmyCoin (JASMY) and Quant (QNT) Approaching Falling Wedge Resistance – Are Breakouts on Horizon?

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