#JasmyCoin #Predictions
JasmyCoin Surges as Falling Wedge Breakout and Active Addresses Rise
JasmyCoin, often called “Japan’s Bitcoin,” has surged by 103% this month, rebounding from $0.0082 to a high of $0.017. This spike followed a bullish breakout from a falling wedge pattern, indicating strong technical momentum.
On-chain data shows a significant rise in Jasmy’s active addresses, reaching 1,307—the highest since February 1. Additionally, the Mean Dollar Invested Age (MDIA) has steadily increased, suggesting long-term holders are not selling.
Futures market interest in Jasmy also bounced back, rising from $18 million to $53 million. Technically, the token broke key resistance levels at $0.015 and $0.016, and moved above the 50-day moving average. If bullish momentum continues, it could target the $0.031 level.
JasmyCoin is a Japanese blockchain project focusing on IoT and data privacy, developed by ex-Sony executives and compliant with Japan’s regulations.
