- JASMY breaks out of multi-month downtrend, forming a bullish flag above key $0.0140 support.
- Price consolidates in a symmetrical triangle with breakout potential above $0.0153 toward $0.0176.
- RSI and MACD signal early bullish bias; Bollinger Bands tighten ahead of expected volatility surge.
JASMY’s price recently broke through a key downward trendline that had pushed it lower since February, signaling a potential end to that downtrend. This important break followed a strong bounce off the $0.0082 low point and led to a smaller bullish flag pattern breakout above $0.0140.
Currently, JASMY is consolidating its gains, forming a symmetrical triangle on the 4-hour chart – a pattern often indicating energy is building for a significant move. Traders are now watching for a decisive breakout above $0.0153 to potentially ignite momentum toward the $0.0158 to $0.0176 resistance area.
Where Are JASMY’s Key Support and Resistance Levels?
Immediate support rests near $0.0138. Key Fibonacci levels at $0.01296 (50% pullback) and $0.01408 (38.2%) also held firm during recent dips. Price sits just below the 20/50 EMAs (short-term averages), while longer-term EMAs mark overhead resistance near $0.01778 / $0.0207.
Related: FTT and JASMY Under Pressure — Should Holders Be Worried?
Indicators Hinting at a Volatility Spike?
Indicators hint a breakout might be brewing (per TradingView). The 4hr RSI (momentum gauge) is neutral but rising (46.91); above 50 signals buyers gaining control. MACD line crossed above signal (bullish hint), but its flat histogram shows fragile momentum needing volume confirmation.
Bollinger Bands are tightening (signaling volatility spike); price presses the Keltner upper band. A volume-backed move above $0.0153 confirms upside pressure toward $0.0176 resistance.
Short-Term Outlook: Can Bulls Break the Tie?
JASMY is currently pinned between $0.0141 and $0.0146, with volume thinning as traders await a breakout. If buyers can push price above $0.0153 on April 22, short-term targets include $0.0158 and $0.0165. A strong candle close would validate the triangle breakout pattern and shift momentum further bullish.
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For Apr 23, continuation needs RSI >50 and price holding >$0.0158. Failure at resistance risks pullback to $0.0138–$0.0134 support.
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