Date: Mon, July 21, 2025 | 11:25 AM GMT
The broader cryptocurrency market continues to ride a bullish wave, led by Ethereum (ETH), which has surged 24% over the past week and is now trading above $3,800. This bullish sentiment is spilling over into altcoins — and Jasmycoin (JASMY) is emerging as one of the standouts, showing the potential for more upside momentum.
$JASMY has rallied by solid 17% in the past 24 hours, bringing its monthly gains to 66%. Beyond the price action, a developing harmonic pattern on the daily chart suggests JASMY may still have room to climb before facing its next big resistance.
Source: Coinmarketcap
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, JASMY is tracing a Bearish ABCD harmonic pattern. Despite its name, the CD leg of this pattern is historically bullish, with price often accelerating toward the final target zone before any potential reversal.
Jasmycoin (JASMY) Daily Chart/Coinsprobe (Source: Tradingview)
The pattern began at Point A ($0.00825), advanced to Point B, corrected down to Point C ($0.01024), and is now pushing higher along the CD leg toward Point D. This phase is typically the most explosive part of the move, often capturing the strongest momentum.
What’s Next for JASMY?
If the CD leg continues to unfold, JASMY’s next target sits within the Potential Reversal Zone (PRZ), defined by the 1.17 Fibonacci extension of the BC leg. This projects a move toward $0.02337, marking a 15% potential upside from current levels. The target also aligns with the symmetry of the AB leg, reinforcing its technical validity.
However, to sustain this bullish outlook, JASMY must hold above its 200-day moving average near $0.01814, which currently acts as a key support level for the ongoing uptrend.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
