JasmyCoin Signals 1,950% Upside Potential With Bullish MACD Divergence

JasmyCoin (JASMY) has recently confirmed a hidden bullish divergence on its Moving Average Convergence Divergence (MACD) indicator, signaling a potential significant price surge. This divergence follows a temporary pullback and coincides with the cryptocurrency reclaiming its ascending trendline support. According to crypto analyst Javon Marks, the target price for JasmyCoin stands at $0.2788, representing an upside potential of over 1,950% from its current levels near $0.0132. This technical signal has shifted market sentiment, with traders anticipating a potential 20x return if the technical levels hold.

JasmyCoin experienced a substantial decline from $0.040 in late 2022 to $0.003 in early 2023. However, a breakout around $0.005 marked the beginning of a historic rally, with the price climbing over 2,000% to reach highs near $0.060 in 2024. Ascending trendlines formed during this recovery have acted as support, validating the strong recovery from the 2022 bear market lows. The cryptocurrency has consistently respected key technical structures, with support zones holding through minor corrections and volume indicators confirming strategic accumulation by market participants.

In addition to its historical gains, JasmyCoin has displayed healthy consolidation patterns, forming an upward trading channel between clear support and resistance levels. Each consolidation period has served as a base for the next leg up, setting the stage for a potential massive breakout. The price remains comfortably above key support zones, with technical signals such as MACD divergence, volume spikes, and trendline validation continuing to align. Many market participants expect the price to approach the $0.2788 target within the ongoing cycle, driven by the renewed long-term bullish momentum.