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- The crypto market swings to green bullish charts and altcoins reflect Bitcoin’s rally.
- JasmyCoin is one altcoins that could pump by over 2000% this golden bull run.
- Analyst expects JASMY to surpass $0.05 if it breaks out of its present resistance level.
Following the previous day’s unexpected crypto market dip, it seems that the weekend has opened up to a greener crypto market. As many crypto traders and analysts expected some sort of dip after the successful launch of the ETH ETF, the damage wasn’t long.
In fact many analysts including the silver-tongued Doctor Profit predicted a very small market dip as opposed to the 20% following the VTC ETF launch. Presently, the prices of Bitocin, Ethereum, and a myriad of other altcoins are on the high.
One of these popular altcoins is the Bitcoin of Japan, JasmyCoin (JAMSY). Much like Cardano (ADA), VeChain (VET), WadzPay (WTK), FLOKI, and many other popular altcoins, JASMY price chart is printing bullish signals.
$JASMY breaking out of the secondary pattern here!
— Team LAMBO (@TehLamboX) July 26, 2024
Telegram: https://t.co/71apcaZ06R
Target still north of 0.05$ short term. Need to clear the resistance at 0.032$. Hopefully we dont get any outside disturbances.#JASMY #JASMYUSDT #Crypto #Jasmycoin pic.twitter.com/5RZT02zBOz
In particular, one analyst believes that JASMY is about to experience a significant price breakout. As we can see from the post above, JASMY price seems to be breaking out of a secondary pattern at the moment.
According to this analyst, the price of JASMY needs to clear a major resistance level at the price of $0.032. If the crypto market were to continue its upward trajectory without any distractions then it is highly possible that JASMY can move north of the $0.05 price target.
Based on CoinMarketCap data, the price of JASMY is presently $0.028 which is up by over 12.5% in the last 2 hours. The altcoins also have a total market cap of $1,427,188,537 and a 24 hour trading volume of $123,178,827.
Another reputed trader, Steph is Crypto believes that JASMY is at the end of printing a major Cup and Handle pattern which could lead to over 2000% gains for JASMY holders. Meanwhile, the JASMY team expects the JASMY price to hit $17 by 2026. When will JASMY’s bull run begin?