- JASMY is retesting the 50-day moving average after breaking broadening wedge resistance, showing strong technical support near $0.0145.
- Volume accumulation and neutral RSI suggest a consolidation phase before a possible price surge toward $0.0200 and higher targets.
- Trading volume reached $27.9 million, reinforcing active market participation during this critical breakout retest phase.
JASMY is undergoing a broadening wedge retest after a confirmed breakout above descending resistance and the 50-day moving average.
Classic Breakout Retest Aligns with Technical Support
The daily chart structure of JASMY shows a breakout from a broadening wedge, with the price currently retesting the 50-day moving average near $0.0145. This retest phase is seen as technically constructive following the trend reversal. Market participants view this as a crucial test of strength after months of consolidation.
Support has remained intact between $0.0120 and $0.0130, forming a solid base for potential rally continuation. The price action has respected previous resistance, which is now acting as a support zone. This structure suggests buyers are defending key levels, providing a foundation for further upside momentum.
Price Targets and Volume Structure Signal Continuation
Crypto trader Jonathan Carter noted on X that this phase “separates diamond hands from paper hands,” underlining the shakeout often seen during retests. He marked several bullish targets: $0.0155 as the immediate hurdle, accompanied by $0.0200, $0.0280, and $0.0400 as key resistance levels ahead.
Volume activity shows sustained accumulation, while the RSI has cooled to neutral territory. This indicates that the price may be resetting for another rally. The thin volume profile above the current level suggests that a successful defense could accelerate movement toward higher resistance zones.
Market Structure Remains Favorable for Bulls
Structural developments and increasing trading volume have reinforced the trend shift. JASMY remains proof of this, at $0.01495, up 1.93% over the last 24 hours, and had around $27.9 million in trading volume on the 24-hour chart at the time of writing. Thus, showing robust participation during the retest.
Having the retest of the breakout level, a clear base or support level, and a strong recovery of momentum paints a fundamentally strong picture for the market. If the bulls continue to push from this level, there is willingness towards $0.0200 and beyond.
