Cryptocurrency analyst Javon Marks has highlighted a potential larger breakout scenario for JasmyCoin (JASMY). Marks points to a consolidation phase ending, with optimistic projections suggesting an upside target near $4.48. The token’s current price shows a recovery to around $0.0060, with momentum indicators like the RSI at 52.64 signaling cautious bullishness amidst broader altcoin season discussions.
Cryptocurrency analyst Javon Marks has highlighted a potential larger breakout scenario developing for JasmyCoin (JASMY). Optimistic projections now point toward an extended upside target near $4.47842 in coming sessions.
The token’s current structure shows signs of a continuation rally with a narrowing price range and strengthening support zones. If bullish sentiment holds, the asset may test higher resistance levels.
Increased talk of an upcoming altcoin season is influencing the narrative for mid-cap assets like JASMY. This environment can lead to increased speculative pressure and accelerated price action relative to normal expectations.
Despite the bullish predictions, Marks still focuses on the risks involved in cryptocurrency markets. The high targets are based on possibilities and not guaranteed, requiring traders to seek confirmation of trend breakouts.
According to TradingView, JASMY’s price recently recovered from a low around $0.00495 on February 5, rising back to the $0.0060 level. The candlestick pattern shows a series of higher lows, indicating a mild rising trend.
The current RSI stands at 52.64, suggesting some bullish momentum without being overbought. The MACD shows the MACD line is slightly higher than the signal line, which can be regarded as a weak buy signal.
