Cryptocurrency market was relatively mixed during the Easter weekend

The cryptocurrency market was relatively mixed during the Easter weekend, with volume remaining low. Bitcoin was stuck between $84,000 and $85,000

Cryptocurrencies were mixed during the Easter weekend as volume remained low. Bitcoin stalled between $84,000 and $85,000, while Ethereum remained near its lowest point in months.

Here is a technical analysis of some of the top-performing coins, including JasmyCoin (JASMY), Fartcoin, Artificial Superintelligence Alliance (FET), and Gala Games (GALA).

JasmyCoin price prediction

JASMY price chart | TradingView

JasmyCoin is a top cryptocurrency that is often viewed as Japan’s Bitcoin. It is a mid-cap token and has remained popular among traders.

The price of Jasmy bottomed at $0.00826 earlier this month as it formed a falling wedge pattern. In technical analysis, this is a highly-popular bullish sign. The pattern is comprised of two descending and converging trendlines.

A falling wedge pattern occurs when the price action of a security, in this case, crypto, is contained within two converging trendlines, much like a wedge shape. Typically, the price falls to reach the lower trendline, then bounces to reach the upper trendline.

As the two trendlines converge, the price action is said to be squeezing, and in technical analysis, this is seen as a sign that a large move is coming. Usually, the direction of the move is determined by the broader market trend.

In this case, the wedge pattern is forming in a bear market, making it likely that the token will continue falling. However, the converging trendlines and the final push are usually a sign that the lower trendline will be broken.

Moreover, the token's price dropped to a key support level at $0.013, which was the lowest swing in December this year. The coin has now bounced back slightly and moved above the 50-day moving average.

Next, the coin will face resistance at $0.01615, which is the lowest swing in November this year. A break above this point will pave the way for a move to $0.020, which is the 23.6% Fibonacci Retracement level.

A drop below the support at $0.013 will invalidate the bullish view.

Fartcoin price analysis

FARTCOIN chart by TradingView

Among Solana meme coins, Fartcoin is one of the most popular. After bottoming at $0.1940 in February, the token has bounced back to $0.8530.

Fartcoin price has remained above the 50-day moving average while the Relative Strength Index (RSI) has been trending upwards.

This rebound happened after the token formed a cup and handle pattern. This pattern is comprised of a rounded bottom and some consolidation, forming the "cup," followed by a breakout.

The cup has a depth of about 70%, which is used to calculate the primary target. This target is reached by measuring 70% from the cup's upper side.

In this case, the cup's upper side is at $1.500 and 70% of its depth is $0.870. Adding this to the breakout price of $0.1940 will result in $1.0722. This price is also the 38.2% Fibonacci Retracement level.

Gala price technical analysis

GALA chart by TradingView

Gala is among the top gaming networks in the cryptocurrency industry. Some of the top games in its ecosystem include Town Star, Sweep it Poker, Champions Arena, and Treasure Tapper.

Earlier this year, Gala price peaked at $0.072 as most cryptocurrencies surged. It has since pulled back, moving to its a low of $0.01190, close to its lowest level on record.

Gala Games token has formed a falling wedge pattern whose two lines are about to converge. Also, the Relative Strength Index (RSI) and the MACD indicators have formed a bullish divergence pattern.

A wedge pattern is formed by two converging trendlines, and it is said to indicate a period of squeezing. In technical analysis, converging trendlines are usually a sign that a large move is coming.

The final push of the wedge usually signals the breakout, and the direction of the move is determined by the broader market trend.

In this case, the wedge is forming in a bear market, making it likely that the token will continue falling. However, the converging trendlines and the final push are usually a sign that the lower trendline will be broken.

Moreover, the token's price dropped to a key support level at $0.01120, which coincides with the 23.6% Fibonacci Retracement level.

Therefore, the token will likely continue rising, with the initial target to watch being at $0.02620.