- JASMY shows massive potential for a parabolic price pump.
- The price of JASMY could make a 12,980% pump to hit $4.478 this crypto bull run.
- The JasmyCoin chart indicated a number of bullish signals hinting at the expected pump.
Following the latest market dip, Bitcoin (BTC) struggles to break past the $66,000 price mark and rally back past the $70,000 price target. Amidst this dip, many altcoins took a tumble as well, but not as much of a fall as previously in the ongoing bull cycle.
This signifies a possible rally ahead and many altcoin price charts depict the same. In particular, JasmyCoin (JASMY) is one such asset. For months, the JASMY price chart has been printing a massive cup and handle pattern.
JASMY enthusiasts say the completion of the handle will lead to a big price spike taking JASMY price to $0.6. Adding on to this bullish expectation is another crypto analyst with his latest chart observations.
As we can see from the post above, the analyst lists the many bullish indicators on the JASMY price chart. To highlight, the metrics are broken down to show a hidden bullish divergence in the RSI and the on-balance volume shows higher lows for the price of JASMY.
Overall, the post says that JASMY price action is bullish as well, meaning high price breakouts in the near future. The analyst aligns these indicators to say that there is great underlying strength for the asset which means the current price pullback is temporary.
The analyst then marks a high investor interest that could lead to major support fueling greater bullish patterns. To highlight, as analyst Steph is Crypto mentioned earlier, JASMY is heading towards a supply shock with exchange reserves having decreased from 23 billion to 14.6 billion JASMY.
At this rate, both analysts expect to see exponential growth in JASMY price possibly taking the price of JASMY towards a new ATH. Presently, Javon expects JASMY price to pump by over 12,980% to hit the $4.47842 price target this crypto bull cycle.
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