JASMY Approaches Key Neckline With Potential 148000% Uptrend Signal

JASMY is showing signs of a potential bullish reversal as it approaches a critical neckline on its price chart. Traders and analysts are closely monitoring the token's ability to break above this key resistance level, which has previously acted as a ceiling for upward movement [1]. A successful breakout could signal the beginning of a new uptrend, with the price potentially moving toward a target near $3 [2].

The current technical setup suggests growing optimism among market participants. JASMY has been forming a wedge pattern, and a decisive close above $0.003776 could confirm a breakout and extend the uptrend toward $0.2785 [3]. This projection is supported by bullish divergence and triangle breakout patterns, indicating that buyers are increasingly in control of the price action [4]. The long-to-short ratio for JASMY currently stands at 1.07, a recent high, suggesting that more traders are opening long positions and anticipating further upside [1].

On-chain data also reflects a bullish narrative. Whale activity has increased, with larger investors accumulating positions and signaling confidence in the token’s potential [1]. JASMY is currently trading at $0.02, showing strong bullish momentum despite the absence of immediate fundamental catalysts [3]. The price movement is being supported by positive technical indicators that often precede sustained upward trends.

The broader cryptocurrency market environment is also contributing to the improved sentiment. As Bitcoin and Ethereum recover amid declining U.S. inflation, market participants are showing renewed risk appetite, which could benefit JASMY and other altcoins [5]. Analysts have noted that the token’s chart remains consistent with earlier projections, reinforcing the possibility of a sustained upward move [2].

However, traders are being advised to remain cautious. The cryptocurrency market is known for its volatility, and false breakouts are not uncommon. Confirmation of the breakout will depend on sustained closes above the neckline and an increase in trading volume [2]. If the price fails to hold above this level, the token could return to a consolidation phase.

The coming days will be crucial in determining whether JASMY can successfully break out and continue its bullish trajectory or if it will face a retest of key support levels. For now, the market is watching closely for confirmation of the breakout and further signs of sustained buying pressure [1].

Source:

[1] https://www.fxstreet.com/cryptocurrencies/news/jasmycoin-price-forecast-jasmy-rebounds-as-whales-accumulate-rises-202508120353

[2] https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-jasmycoin-pumpfun-uniswap-asian-wrap-12-august-202508120519

[3] https://blockchain.news/news/20250811-jasmycoin-jasmy-shows-bullish-momentum-with-639-daily-gain

[4] https://www.tradingview.com/u/melikatrader94/

[5] https://decrypt.co/334643/bitcoin-ethereum-rise-us-inflation-cools-july