The cryptocurrency market has experienced significant selling pressure in early 2025, with Ethereum (ETH) registering its worst first-quarter performance since 2018—down more than 45%. This widespread correction has severely impacted altcoins, including Jasmycoin (JASMY), which plunged over 50% in the past 90 days.
However, signs of a potential turnaround are emerging.
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Jasmycoin Posts Strong Weekly Recovery
JASMY has gained notable traction in recent days, rallying approximately 37% over the past week. The shift in momentum is drawing increased attention from market participants, as technical indicators suggest a potential recovery rally may be forming.
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Technical Breakout: Falling Wedge Pattern Signals Reversal
On the weekly chart, Jasmycoin recently completed a bullish breakout from a long-standing falling wedge pattern, a technical setup typically associated with trend reversals. The breakout occurred around April 11, with the price breaching the $0.0080 mark and climbing to its current level near $0.015.
This upward move now brings JASMY to a pivotal technical juncture — the 100-week moving average (MA), which currently sits at $0.01607. This level is acting as immediate resistance, and a decisive move above it could validate the bullish outlook.
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Next Target: 25-Week Moving Average and Historical Resistance
Should bulls manage to convert the 100-week MA into support, the next significant target lies at the 25-week moving average, located at approximately $0.02435. This level represents a potential 72% upside from current prices and aligns with a prior zone of heavy resistance — reinforcing its importance as a key area to watch.
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Historical Parallel: Could JASMY Repeat 2024’s Breakout Rally?
Historical price action adds to the bullish sentiment. In late 2024, a similar wedge breakout catalyzed a 232% rally, with JASMY surging from the $0.012 range to above $0.04 within weeks. Current technical conditions — including the structure of the breakout and building momentum — mirror that previous setup, prompting speculation of a potential repeat performance.
Adding to the optimism, momentum indicators such as the MACD are beginning to turn positive, suggesting that bullish pressure may be strengthening.
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Outlook: Critical Weeks Ahead for Jasmycoin
The immediate focus for traders and analysts is on whether JASMY can close above the 100-week MA, a development that could pave the way for a broader rally toward the $0.02435 region and beyond.
In summary, Jasmycoin stands at a decisive technical crossroads. Whether this is a temporary rebound or the beginning of a longer-term trend reversal will likely become clearer in the coming weeks. Market participants will be closely monitoring price action for confirmation of the next move.
