- Price holds above long-term rising support despite months of pullbacks.
- Breakout from 2022 wedge still active, keeping bullish outlook intact.
- MACD divergence signals demand could push prices much higher.
JasmyCoin (JASMY) has held key bullish levels for months, and technical patterns suggest the next major rally could drive prices toward the $0.2785 mark.
From Collapse to Recovery
JasmyCoin’s chart from late 2021 tells a dramatic story. After launching near $2.50, the token went into a steep, grinding decline throughout 2022. By the end of that year, it had formed a clear descending wedge pattern — a structure that often signals a reversal when broken.
In November 2022, that break finally came. Price cut through the wedge’s upper boundary at around $0.0036, ending the deep bear cycle. The months that followed brought consistent higher highs and higher lows, confirming the shift in trend.
2023 was marked by rallies followed by wide consolidation ranges. Each time the market cooled off, the broader uptrend stayed intact. By late that year, JASMY made another strong push before a pullback set in early 2024.
The Trendline That Won’t Break
A rising support line, drawn from the 2023 breakout, has now been tested multiple times. Each touch sparked a rebound, keeping sellers from taking control. This trendline has been the backbone of the rally for nearly two years.
In mid-2024, JasmyCoin hit its highest level since the breakout before easing lower. Even as prices slipped, momentum indicators started telling a different story. The MACD formed a hidden bullish divergence — meaning price was softening, but underlying buying pressure was building.
The Road to $0.2785
As of August 2025, JASMY trades around $0.0131250, well below the target level set by market analyst JavonMarks. That target, $0.2785, would mean gains of more than 1,900% from current levels — roughly a 20X jump.
With the breakout pattern still intact, a trendline that continues to hold, and bullish divergence on the chart, JasmyCoin remains set up for a potential major move if momentum returns.
