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Following
JASMY Crypto Patel found that the technical form was similar to JASMY's previous 40-fold increase.
The key bullish recovery level was US$0.00783. If it fell below US$0.00273, the form would be invalid.
JasmyCoin is currently trading at US$0.00475, up 6.44% in the past 24 hours.
Cryptocurrency analyst Crypto Patel pointed out that JasmyCoin's technical form is similar to its previous pattern before its sharp rise, which has once again attracted attention. JasmyCoin has rebounded to about $0.00475, up 6.44% in the past 24 hours. Patel believes that after falling nearly 99% from its all-time high, the asset has now entered a high-risk, high-return accumulation area.
JASMY price forecast reveals key accumulation levels
According to Crypto Patel analysis, JasmyCoin is currently trading in the long-term demand area between US$0.0042 and US$0.0032. The analyst pointed out that selling pressure appears to be weakening as the tokens consolidate near multi-year lows.
JASMY's multi-year accumulation area| Source: X
His JASMY price forecast sees $0.00783 as a key bullish recovery. If prices continue to stand firm above this level, a trend reversal may be confirmed. But Patel warned that if the weekly close below $0.00273, the current bullish outlook will expire.
He also listed long-term upside targets: if the historical pattern repeats itself, the targets are US$0.0078, US$0.02, US$0.05, US$0.10 and US$0.15 respectively. Patel emphasized that the forecast is based only on technical analysis and should not be regarded as investment advice.
JASMY price forecast depends on key technical levels
The latest JASMY price forecast comes as JasmyCoin is trading just above its daily pivot point of US$0.004726. If this level can be held, the token may retest near its recent high of $0.004881.
If buyers fail to hold on to current support, analysts expect prices to fall towards the 50-day simple moving average (approximately US$0.004610). This level may become the next important support area.
Despite the improvement in momentum, JASMY price forecasts are still closely related to the overall market environment and confirmation signals of price movements. The current structure suggests accumulation is underway, but traders are still waiting for a decisive breakthrough to confirm the formation of a new trend.
