JasmyCoin (JASMY) price is expected to rise if this strong resistance is broken

Many people are curious about the price trajectory of JasmyCoin. They ask questions like, “How high can JasmyCoin go?” Or “Is JasmyCoin a good or bad investment?” This question is based on the currency’s unfavorable price action, although there is an interesting narrative.

Cryptocurrency analysis from YouTube channel Impossible Analysis discusses this, talking about how JASMY could reach $1.

ImpossibleAnalogy identified crucial price levels for JasmyCoin (JASMY) in its latest technical analysis. A year after unification Jasmine price The pair is facing significant resistance at 5.6 cents, which corresponds to the 61.8% Fibonacci retracement level of its all-time high. Breaking this level could lead to a significant rise.

The impossible analysis confirms two key support levels at 1.8 and 2.2 cents, drawn from different time frames. Fibonacci retracements. He argues that JASMY must maintain these support levels to maintain its bullish outlook.

Read also: Raydium (RAY) price breaks out of consolidation – what’s next?

The 1.8 cent level represents the 38.2 Fibonacci retracement level on the larger time frame, while 2.2 cents represents a similar level on the shorter time frame.

Potential JASMY price targets

According to ImpossibleAnalogy’s chart analysis, a break above 5.6 cents could push JASMY towards 12 cents, which is in line with the 0.5 Fib level on the larger time frame.

Beyond that, 30 cents appears as an important target, which corresponds to the 61.8 retracement level. The analyst notes that exceeding 30 cents could open the way to 60 cents, and perhaps the widely expected $1 mark.

Impossible Analysis warns that JASMY is unlikely to see significant upward movement while trading below 5 cents. However, it suggests that a break above this resistance could lead to a quick rally to 12 cents.

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