JasmyCoin (JASMY) Targets 20x Pump Amid Bullish Crypto Market

JasmyCoin (JASMY) has emerged as one of the most promising altcoins in the current bull cycle, with analysts highlighting bullish breakout signals on its price chart. The crypto market is showing steady signs of a bullish pump, as both Bitcoin (BTC) and Ethereum (ETH) exhibit bullish indicators, suggesting they may soon surpass crucial resistance price levels. This positive momentum is expected to benefit altcoin prices, including JASMY, which according to an analyst, could see over a 20x pump during this altseason peak phase.

The expectations for this bull cycle’s altseason have been challenging for most altcoin holders. Historically, the peak altseason phase has occurred in the first quarter following a Bitcoin Halving year. However, this time, the first quarter of the year following the 2024 Bitcoin Halving did not bring the anticipated altseason peak phase but instead ushered in a prolonged correction phase. Analysts attribute this deviation to Bitcoin (BTC) hitting a new all-time high (ATH) price before the halving event, a phenomenon that has not occurred previously.

As the crypto market moves into the third quarter of the year, the community is growing anxious about the impending altseason phase and when altcoin prices will start pumping. Many reputed analysts believe that altcoin prices will not pump until Ethereum (ETH) reclaims its previous ATH price and sets new ATH prices of its own. Currently, ETH has yet to reclaim its previous ATH, leading to increased anticipation within the crypto community.

Despite the uncertainty, several altcoins, including JASMY, continue to show strong bullish signals on their price charts. Analysts are awaiting a trigger to push altcoin prices to new highs. In particular, JASMY has confirmed a massive Hidden Bullish Divergence with its Moving Average Convergence Divergence (MACD), suggesting that the recent pullback is temporary and that prices have underlying strength. The analyst sets a bullish target of over $0.278 for JASMY and expects a 20x pump to reach this level.

JASMY's bullish outlook is further supported by its consistent performance throughout the bull phase of the ongoing cycle. The altcoin has shown resilience and potential for significant growth, making it one of the most promising investments in the current market conditions. As the crypto community awaits the trigger for the altseason peak phase, JASMY's strong bullish signals position it as a top contender for substantial gains.