- JASMY gained 83% from Crypto Patel’s earlier accumulation zone.
- A weekly move above $0.00783 could strengthen the bullish reversal.
- Immediate resistance sits near $0.00580 to $0.00600 before higher targets.
The JASMY price traded near $0.00547 after gaining 1.48%, following a sharp move toward $0.00620. The token has recovered significantly from its mid-September low near $0.00360. Analysts now see signs of a larger reversal after an extended downtrend. However, several resistance levels still stand between JASMY and its longer-term bullish targets.
JASMY Price Holds Support as Weekly Reversal Setup Develops
Crypto Patel said the JASMY price has risen about 83% from his $0.0044 to $0.0032 accumulation zone. He highlighted a weekly falling-channel structure that has held support.
The analyst identified $0.00783 as the main level needed for a bullish macro shift. His longer-term targets stand at $0.020, $0.050 and $0.15.
Patel compared the setup with an earlier structure that preceded a roughly 1,900% rally. However, he listed $0.00273 as the weekly closing invalidation level.
Vuori Trading also maintains a longer-term target range between $0.12 and $0.23. That outlook depends on the underlying support structure remaining intact.
JASMY Price Consolidates After Sharp Four-Hour Recovery
On the four-hour timeframe, the JASMY price has pulled back after reaching a local high near $0.00620. It currently remains above the important $0.00500 support area.
RSI stands at 54.06, showing neutral momentum after cooling from readings near 70. Immediate resistance sits between $0.00580 and $0.00600.
A breakout above $0.00600 could push the JASMY price toward $0.00650. That move would bring the larger $0.00783 breakout level closer.
Meanwhile, support sits near $0.00520, followed by $0.00500. Losing $0.00500 could expose a deeper retracement toward $0.00450.
The technical structure therefore leaves JASMY between short-term consolidation and a potential larger weekly reversal.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
