Jasmy Cryptocurrency Surges 15% After Year-Low Recovery

Jasmy, a cryptocurrency that had experienced a significant correction over the past few months, recently posted a 15% gain amid a fresh surge. The cryptocurrency had dropped to a year-low, finding solid ground and recovering above $0.01. After a brief period of stability, Jasmy began to show signs of strength again on a daily basis.

Earlier this month, Jasmy located support at $0.0082, marking this price as its lowest trading level in a year. Fortunately, this level held, and the price increased daily until it reached a high of $0.0178, posting a 100% gain within a week. This surge led to a notable break above a falling descending trendline, which had served as resistance for four months. However, the buying momentum was halted due to a rejection, causing the price to fall slightly. The broken trendline provided support, and the price climbed back the following day.

Currently, Jasmy appears strong amid rising demand. A surge above last week’s high could set the stage for more gains in the coming days. While the mid-term outlook is still considered bearish, selling pressure may return if the price falls back under the falling trendline. It is important to note that the trading landscape for Jasmy has technically changed as the crypto bias turns bullish on the daily chart. Looking at the latest price actions, it may rally into the $0.03 level anytime soon.

In a fresh surge, Jasmy is trying to reclaim the $0.0178 resistance level, which was rejected last week. Surpassing this resistance could rally the price to the $0.025 level and potentially $0.035 in the future. The $0.0134 level is currently supporting the latest surge. If it fails to hold well, it may navigate the key $0.01 level for support, along with the yearly $0.0082 low. Key resistance levels to watch are $0.0178, $0.025, and $0.035, while key support levels are $0.0131, $0.01, and $0.0082. The spot price is currently at $0.0153, with a bullish trend and low volatility.