JasmyCoin

Bull Flag

Shiba Inu

Pyth Network

Coin

<p>JasmyCoin (JASMY), a leading Japanese IoT platform focused on data security and privacy, shows growing signs of an imminent trend change back into bull market positive territory, both technically and fundamentally.</p>
<p>Respected analysts spot a pending breakout setup, indicating potential for substantial upside if triggered, while also examining risks around unrealistic long term projections.</p>
<h2 class="wp-block-heading" id="bull-flag-signals-continuation-rally-forming">Bull Flag Signals Continuation Rally Forming</h2>
<p>Veteran chartist <strong>Team LAMBO</strong> <a href="https://twitter.com/TehLamboX/status/1762697104038731787" target="_blank" rel="noopener noreferrer nofollow">analyzes </a>the short term JASMY price action, identifying an extremely constructive bull flag pattern from which powerful continuations often emerge.</p>
<p><strong>“JASMY</strong> <strong>can breakout of this bull flag very very soon!</strong>” the analyst comments. “<strong>The breakout level is 0.0173$ here, once we get a breakout, expect a bullish impulse towards 0.027$ and 0.039$ here.”</strong></p>
<p>Thus, two key upside targets come into focus around $0.027 and $0.039 from current levels—returns of a magnitude well within historical precedents. If JASMY decisively cracks resistance in the days ahead, substantial upside opens up.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="468" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1043-1024x468.png" alt="" class="wp-image-445029" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1043-1024x468.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1043-300x137.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1043-767x350.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1043-1536x701.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1043-2048x935.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1043-329x150.png 329w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1043-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1043-788x359.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="jasmycoin-price-soars-over-60-as-attention-grows">Jasmycoin Price Soars Over 60% As Attention Grows</h2>
<p>Jasmy has been one of the top performing cryptocurrencies over the past month. The token has skyrocketed over <strong>240%</strong> in February, making it the best performer amongst the top 100 cryptocurrencies.</p>
<p>This massive price surge has brought a great deal of attention to the previously little-known project. Jasmy now boasts a market capitalization approaching <strong>$900 million</strong>. While the price has pulled back slightly from its recent highs, Jasmy has remained up an impressive <strong>14%</strong> over the last 24 hours.</p>
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<h3 class="wp-block-heading" id="community-power-boosts-hype">Community Power Boosts Hype</h3>
<p>According to crypto analyst <a href="https://www.youtube.com/watch?v=0JRWYvU5IxI" target="_blank" rel="noopener noreferrer nofollow">Crypto ZX</a>, much of the recent hype around Jasmy comes from the vibrant community supporting the project. He points out that the Jasmy community is one of the most powerful he has encountered. This gives Jasmy an advantage in terms of generating excitement and speculation.</p>
<p>However, Crypto ZX cautions that hype alone cannot justify Jasmy’s parabolic price gains. He thinks that the team’s decision to unlock millions of coins over the previous two years has greatly manipulated the tokenomics and increased sell pressure. Even news of support from the Japanese government does not negate these issues, in his view.</p>
<h3 class="wp-block-heading" id="improved-tokenomics-could-attract-investment">Improved Tokenomics Could Attract Investment</h3>
<p>Despite his skepticism around price manipulation, Crypto ZX acknowledges the tokenomics look better going forward now that Jasmy is nearing its maximum supply. With fewer coins left to unlock, new investors will have less reason to worry about inflationary pressures crashing the price.</p>
<p>In fact, several analysts who passed on investing in Jasmy last cycle due to tokenomics concerns are now taking another look. This renewed interest could provide further upside.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="128" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044-1024x128.png" alt="" class="wp-image-445037" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044-1024x128.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044-300x38.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044-766x96.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044-1536x193.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044-2048x257.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044-1196x150.png 1196w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044-100x13.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044-788x98.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1044.png 614w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: <a href="https://www.coingecko.com/en/coins/jasmycoin" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a>
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<h3 class="wp-block-heading" id="tempering-expectations-around-1-target">Tempering Expectations Around $1 Target</h3>
<p>Much of the Jasmy community expects the token to reach <strong>$1</strong> in this cycle. However, Crypto ZX cautions that this would require a market capitalization of over <strong>$50 billion</strong> – on par with a top 10 project like Solana. He does not believe such a high valuation is likely without a major catalyst.</p>
<h3 class="wp-block-heading" id="macro-trends-signal-additional-upside">Macro Trends Signal Additional Upside</h3>
<p>Beyond the hype and speculation, Crypto ZX points to the current bullish conditions in the broader crypto market as a reason Jasmy may trend higher. Bitcoin recently hit a new yearly high, signaling that demand for cryptocurrencies remains strong. These macrodynamics provide a solid backdrop for further momentum.</p>
<p>Crypto ZX &nbsp;stands by his assessment that manipulated price action makes a full recovery to its all-time high around <strong>$4.79</strong> very unlikely. Traders should focus on setting achievable targets rather than banking on the token reclaiming its former glory.</p>
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<p>The post <a href="https://captainaltcoin.com/jasmycoin-poised-for-next-breakout-analyst-urges-jasmy-holders-to-understand-this-key-aspect-of-the-coin/" rel="noopener noreferrer nofollow">JasmyCoin Poised for Next Breakout: Analyst Urges JASMY Holders to Understand This Key Aspect of the Coin</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

JasmyCoin Poised for Next Breakout: Analyst Urges JASMY Holders to Understand This Key Aspect of the Coin

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