JasmyCoin surged over 100% after a bullish MACD and falling wedge breakout.
Active addresses and futures interest rose sharply, signaling renewed market confidence.
Bulls target $0.27 if momentum holds above key support at $0.0082.
JasmyCoin — JASMY, has pulled off a massive comeback. After falling to just $0.0082, this underdog crypto exploded by over 100%, touching $0.017 in just days. Traders who caught the bullish MACD signal are sitting on serious gains. But the rally might not be over yet. With major targets like $0.27 still ahead, this move could be just the opening act. Momentum’s building, and the chart is lighting up with bullish signs.
Momentum Comes Roaring Back
The price action on JasmyCoin’s daily chart tells a clear story. A falling wedge pattern formed and broke to the upside. That breakout alone signaled a shift. Once the price climbed above $0.015, momentum kicked in hard. Resistance at $0.016 gave way, opening the door for more gains. Now, the current level marks the highest price since early March. There’s real strength behind this move.
JASMY’s active addresses jumped to 1,307 on Sunday, compared to only 382 at the start of the month. That sharp increase suggests more holders are stepping in, not stepping away. This kind of surge in wallet activity often supports strong price moves. Another key metric, the Mean Dollar Invested Age (MDIA), keeps rising steadily. That trend points to long-term holders staying locked in. These investors have shown patience and belief in the long-term vision.
When seasoned holders don’t sell during rallies, that usually adds weight to the upside. JasmyCoin also saw futures open interest rise dramatically—from $18 million to $53 million. That spike signals traders are back in action, placing leveraged bets and expecting further movement.
Breaking Resistance, Chasing $0.27
Now that JasmyCoin has broken above the 78.6% Fibonacci retracement level, attention turns to the next big mark—$0.031. Reaching that would mean a nearly 90% gain from the current price. Momentum traders will likely step in if price action continues this trend. Built by former Sony engineers, the project has deep roots in Japan’s tech world.
The platform focuses on secure data exchange and Internet of Things innovation. Strong regulatory alignment in Japan gives JasmyCoin a level of trust that many other altcoins can’t claim. Traders now watch one key support zone—$0.0082. A drop below that level could shift momentum back to the bears. But while prices hold above support and volume keeps rising, bulls stay in control.
Eyes now turn toward the $0.0175 zone. A clean breakout above that could send JasmyCoin flying again. With the right volume and sentiment, smashing through $0.27 might not be just a dream—it could become the next big move. Read MoreNews, Altcoin News, Altcoin, Crypto market, cryptocurrency, Jasmy Coin
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