JasmyCoin

Date: Mon, Sept 23, 2024, 05:49 PM GMTThe cryptocurrency market has kicked off a fresh bullish rally, spurred by the recent Fed rate cut decision. This move has sparked impressive price surges across a wide range of tokens, and JasmyCoin (JASMY) has been no exception. The <a href="https://coinsprobe.com/web-stories/top-10-iot-cryptocurrencies-to-watch-out-for-bull-run/" rel="noopener noreferrer nofollow">IoT-focused</a> cryptocurrency surged by 5.64% today, confirming a breakout that traders had been eyeing for some time.Recently, <a href="https://coinsprobe.com/jasmycoin-eyes-135-rally-key-breakout-near-as-ema-resistance-looms/" rel="noopener noreferrer nofollow">JASMY </a>broke free from a descending wedge pattern on the 1-day chart, a breakout that analysts had predicted earlier. The decisive breakout occurred around the $0.01979 level, sparking steady upward momentum. However, traders remained cautious, waiting for a daily close above $0.02150, as a previous attempt to break out on September 14th turned out to be a fake-out.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b7e48b8173034df7b068ff2d760fb49a.png" />Today, JASMY has finally confirmed its position, breaking out of that tight level and currently trading at $0.02197. With this confirmation, the token appears set for a potentially strong bullish rally ahead. On the daily timeframe, the next resistance levels are at $0.02353 and $0.03186, offering a possible 44% upside from the current price.If JASMY continues this upward trend, traders and investors may see this as the beginning of a stronger market move.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/popcats-rally-nears-critical-breakout-point-will-it-break-its-all-time-high/" rel="noopener noreferrer nofollow">Popcat’s Rally Nears Critical Breakout Point: Will It Break Its All-Time High?</a>

JasmyCoin Confirms Major Breakout: Is This the Start of a Bullish Rally?

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