Date: Wed, Aug 13, 2025 | 05:25 PM GMT
The cryptocurrency market is in full bullish swing as Ethereum (ETH) broke above the $4,700 mark for the first time since 2021. This 30% weekly surge has boosted sentiment across major altcoins, including Jasmycoin (JASMY).
$JASMY has posted impressive weekly gains of 25%, and more importantly, its latest chart now reveals a key harmonic setup that points toward further upside in the near term.
Source: Coinmarketcap
Harmonic Pattern Hints at Potential Bounce
On the daily chart, JASMY is forming a Bearish ABCD harmonic pattern — a structure that, despite its name, often sees a bullish CD-leg before hitting the final Potential Reversal Zone (PRZ).
The move began with a rally from Point A near $0.01186 to Point B, followed by a retracement to Point C around $0.01393, where buyers stepped back in. Since then, JASMY has climbed to around $0.01837, showing that the CD leg is firmly underway.
Jasmycoin (JASMY) Daily Chart/Coinsprobe (Source: Tradingview)
If the pattern unfolds according to the traditional ABCD framework, the CD leg could extend to the 1.31 Fibonacci projection of the BC leg, placing the PRZ near $0.02266 — roughly 23% higher from current levels.
What’s Next for JASMY?
If bullish momentum remains intact, JASMY could push toward the $0.02266 zone. However, this area is likely to act as a significant resistance where profit-taking or short-term pullbacks could emerge. Before reaching the target, traders should remain mindful of the possibility of a retracement toward lower support levels.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.
