1. Bullish Butterfly Pattern
- General context: JASMY declined by 12% weekly due to the overall correction in the cryptocurrency market (such as Bitcoin dropping below 104K$ and Ethereum below 2,500$).
- Pattern details on the chart (4 hours):
- XA phase: Rise from 0.0144$ to 0.0212$ (strong bullish push).
- AB phase: A decline of 78.6% from XA.
- BC phase: Forming a new lower peak.
- CD phase (current): Heading towards the 0.01259$ area (Fibonacci extension 1.27), which is a potential reversal area.
- Current state: The price is 15% above the targeted D point (0.01259$), indicating that the pattern is not yet complete.
2. Upcoming technical forecasts
A. Bullish scenario (if the pattern completes)
- Reversal: May start at 0.01259$ with confirmation from buying signals (like increased volume or bullish candlestick patterns).
- Target resistance levels:
| Level | Price | Explanation |
|-------------------|-------------|--------------------------------|
| First resistance | 0.01868$ | Fibonacci correction 0.618 |
| Maximum resistance | 0.02128$ | Fibonacci correction 1.0 (previous peak) |
- Supporting factors:
- RSI analysis indicates cooling after previously reaching the overbought zone.
- Rising wedge pattern indicates a potential break towards 0.025$ .
B. Bearish scenario (if the pattern fails)
- Critical support level: 0.0120$.
- Breaking below: Invalidates the bullish pattern and may lead to a sharp drop towards older support levels (like 0.0095$-0.010$).
- Current risks:
- RSI indicator at 70.18 (overbought) may cause a short-term correction.
- 14 indicators out of 26 on TradingView signal "Sell".
3. Fundamental factors supporting JASMY's rise in 2025
- Roadmap 2025:
- Launching a decentralized exchange (DEX), expanding the mainnet, and staking features.
- JANCTION Token Economy program to maximize JASMY's benefits.
- Strategic partnerships:
- Collaboration with Panasonic and VAIO in IoT technologies and decentralized data management.
- Long-term price predictions:
- Optimism: Javon Marks analysis predicts a rise of 25,200% to 4.47$ (provided that market capitalization grows to 200 billion$).
- Average: CoinCodex predicts an average price of 0.0189$ by July 2025 (+24.42%).
- Conservative: Changelly predicts an average of 0.0247$ by end of 2025 .
4. Summary table: Critical support and resistance levels
| Level | Price | Role |
|--------------------|-------------|--------------------------------|
| Critical support | 0.0120$ | Breaking it invalidates the bullish pattern |
| Reversal zone | 0.01259$ | Completion of the butterfly pattern (D point) |
| First resistance| 0.01868$ | Short-term bullish target |
| Target peak| 0.02128$ | Major resistance (historical peak) |
| Ambitious target | 0.025$ | If the rising wedge breaks |
Summary
- Upside opportunity: Completing the butterfly pattern at 0.01259$ with supporting trading volume may trigger a rise towards 0.025$ (+98% from the current price).
- Risks: Breaking 0.0120$ warns of a new drop, especially with overall market uncertainty.
- Recommendation:
- Short-term traders: Watching for confirmation of reversal at 0.01259$.
- Long-term investors: Partnerships and the implementation of the 2025 roadmap enhance investment attractiveness, but a strong bullish scenario (like 4.47$) requires widespread adoption that is not guaranteed.
> Note: The analysis is not financial advice. It is recommended to consult a financial advisor and sources such as [CoinMarketCap](https://coinmarketcap.com/currencies/jasmycoin/) for updates.
