JasmyCoin (JASMY) Tests Resistance Zone, $0.025 in Sight

JasmyCoin (JASMY) is showing signs of strength after recovering from its April lows, but technical indicators suggest the cryptocurrency is approaching a crucial decision point.

JasmyCoin (JASMY) price has been showing strength as it recovers from its April lows, but technical indicators suggest the cryptocurrency is approaching a crucial decision point.

At the time of writing, JASMY is trading at $0.018346. It is now approaching the upper boundary of a rising wedge pattern that has been forming over the past month.

After hitting a high of $0.06 in December 2024, JasmyCoin entered a sustained downtrend, with momentum slowing through the 1st quarter of 2025.

However, the price found a bottom in early April around $0.0095, sparking a steady rebound that has seen JASMY rally back above $0.018 in recent weeks.

This recovery has been contained within a rising wedge, a technical pattern that can signal either a continuation of the existing trend or a potential trend reversal.

The immediate resistance for JasmyCoin is seen between $0.0185 and $0.019, a zone that has capped recent rallies. A breakout above this level could open the door for a move toward the next major resistance at $0.025.

On the downside, support levels are established at $0.0161 and $0.0151, aligning with the lower trendline of the wedge.

Technical Indicators Mixed As RSI Enters Overbought Levels

Relative Strength Index (RSI): At 70.18, the RSI is approaching overbought levels, which could indicate a potential pause or short-term pullback if the bulls lose momentum. Overbought RSI periods have previously been followed by minor retracements.

Moving Average Convergence Divergence (MACD): The MACD shows mild bullish momentum, with the MACD line staying slightly above the signal line, indicating a continuation of the current trend. However, the MACD is slowing down, which could signal a potential shift in momentum.

Increased volume on a breakout above the wedge resistance could be key for confirming bullish continuation, setting the stage for a move toward $0.025.

However, a failure to clear resistance may result in a pullback from the wedge, testing the lower wedge boundary, which provides support around $0.016 or possibly even $0.015.

The coming days could be pivotal for the short-term trend of JasmyCoin as the market anticipates a decisive move out of this pattern.

Crypto analysts are advising caution as the price approaches overbought levels, but they also highlight the potential for a breakout if momentum accelerates.