JASMY Surges 14% as Golden Crosses Drive Bullish Momentum

JasmyCoin (JASMY) has surged by 14% over the past week, with its market capitalization approaching $1.6 billion. This rally has been driven by multiple golden crosses, indicating strong bullish momentum, while the Ichimoku Cloud setup remains positive. However, BBTrend has turned negative, suggesting that selling pressure could increase in the near term. The next few days will be crucial in determining whether JASMY continues its surge or faces a pullback, as it reacts to key resistance and support levels.

The recent decline in BBTrend, from 6.37 to -4.36, signals a significant shift in momentum, with bearish pressure increasing over the past few hours. BBTrend is a trend strength indicator derived from Bollinger Bands, which measures price momentum relative to its volatility range. A positive BBTrend indicates bullish momentum, while a negative reading suggests increasing bearish pressure. With JASMY BBTrend turning more negative, it signals that sellers are gaining control, which could lead to further price declines unless buying pressure increases.

The Ichimoku Cloud chart for JASMY shows a strong bullish breakout, with the price moving well above the cloud (Kumo). The Tenkan-sen (blue line) is also above the Kijun-sen (red line), reinforcing short-term bullish momentum. The Chikou Span (green lagging line) is far above the past price action, confirming that the trend has strong upside pressure. However, the future cloud is still red, meaning that some resistance could emerge if price retraces. Despite this strong move, the price has now consolidated after its breakout, and the Tenkan-sen has been acting as short-term support. If the price remains above the cloud, the bullish trend could continue, but a move back into the cloud might indicate a period of consolidation or weakening momentum. The cloud ahead is turning green, suggesting that if buyers maintain control, the trend could stay intact. The next few candles will be crucial in determining whether JASMY continues its upward trajectory or faces a correction.

JASMY chart shows its EMA lines formed multiple golden crosses in the last few days, signaling strong bullish momentum. Another golden cross could form soon, which may push JASMY toward its next resistance at $0.036. If that level is broken, further upside could take JASMY to