🚀 Explosive Breakout – “JASMY: From Quiet Accumulation to a 14% Surge in Just 24 Hours” $JASMY
1. Price and Short-Term Volatility
• The current trading price hovers around $0.0194, marking a strong ~14% increase within 24 hours.
• Intraday high: $0.01999 | Low: $0.01696
• High liquidity (~$150 million/day) indicates a strong inflow of capital into JASMY.
2. Technical Perspective & On‑Chain Signals
📈 Strong Technical Indicators
• Rated as a “Strong Buy” by both TradingView and Investing.com on daily and weekly timeframes.
• RSI at ~63 – just entered bullish territory; MACD and ADX also support the uptrend.
🐳 Signs of Accumulation
• Reports from Binance Square and expert accounts suggest whales are accumulating, and exchange wallets are shrinking – a positive sign of a potential bottom around $0.015–$0.016.
• On TradingView, a confirmed breakout pattern from a long-term downtrend is emerging.
3. Fundamental Analysis – A Strong Foundation
• JASMY is an ERC-20 token powering an IoT platform focused on data privacy and user data sovereignty via IPFS.
• Supported by partners such as Sony and Panasonic, and recently listed on exchanges like BitForex and Huobi.
• Reddit communities are actively discussing side projects like Janction (a DEX and GPU-sharing concept), along with a promising inverse head-and-shoulders reversal pattern.
4. Price Targets & Strategy
🎯 Short-Term Targets
• Resistance at $0.020–$0.021 – if broken, price may aim for the $0.023–$0.025 range based on Fibonacci and technical projections.
• Strong support lies at $0.0163–$0.0165 – price needs to hold above this level to avoid deeper corrections.
🔮 Mid-Term Forecast
• CoinCodex predicts the price may reach approximately $0.0232 by mid-August (~23% upside).
• Some very bullish analysts even suggest JASMY could surge 100–1950% if capital inflow continues.