- Some altcoins already show bullish signs despite the latest market dump.
- JasmyCoin, the Bitcoin og Japan, is one altcoin preparing for a massive pump.
- Analysts expect JASMY to make a bullish rally towards the $0.6 price mark.
Following a brutal crypto dip is no easy matter, but all the altcoins that show bullish action so quickly after a massive dip is a strong coin in the crypto market. Analysts spot many altcoins showing bullish rallies already.
The crypto market experiences a brutal dip with Bitcoin (BTC) price dumping to $53,000. Now Bitcoin is already in the $56,000 area and many altcoins are following suit heading towards bullish upsides.
One popular altcoin already making a headway and moving towards bullish action is the Bitcoin of Japan JasmyCoin (JASMY). According to CoinMarketCap data, JASMY price is back up to $0.02 making a 7% recovery over the last 24 hours.
Analysts take a closer look at the JASMY chart to expect what’s next for the rapidly growing popular altcoin. One analyst in particular says that the fact of the matter is that despite JASMY’s recent price close, the asset has maintained a higher low while its RSI formed a lower low.
He says this movement marks a bullish pattern for the asset and hits at a major price recovery back towards the $0.04 price area. In fact, he adds that JasmyCoin is likely developing what could only be recognized as a pre-continuation.
In regards to continuation, this analyst has previously shared his price predictions for JASMY to make a significant price spike between 10,000% – 14,000%. Now, he says this price pump is still very much in play.
https://x.com/Steph_iscrypto/status/1809331416884261129
Similarly, another popular JASMY enthusiast and crypto price analyst, Steph is Crypto, shares his take on where JASMY will go next. According to this analyst, the asset has been printing signs for a huge Cup and Handle formation which could propel the price of JASMY towards the $0.6 marks in the coming months.
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