Jasmy Coin price has had a spectacular bull run this year, soaring by over 550% as the crypto bull run gained steam. With Bitcoin soaring to a record high on Monday, and crypto fear and greed index in green, there are rising odds that the JasmyCoin price will continue rising this year. But can JASMY hit $1 in 2025?
Jasmy Coin Price Analysis: Unlikely To Hit $1 in 2025
The daily chart shows that the JASMY coin price has strong technicals that could push it higher this year. It formed a golden cross pattern on November 25 as the 50-day and 200-day Exponential Moving Averages crossed each other. This pattern often leads to substantial price gains in the long term.
JasmyCoin price has also formed a cup and handle pattern. This pattern has a horizontal line and a rounded bottom, and is a continuation sign. The upper side of this pattern is at $0.04460, its highest swing in June this year. The recent pullback was part of the formation of the handle section.
This cup has a depth of about 66%. Therefore, if we measure the distance from the upper side of the cup, we see that the target for the Jasmy price is $0.074, which is about 66% above the current level. A move to that level will be confirmed if the price moves above the year-to-date high of $0.0590.
The bullish view will be confirmed if the Jasmy Coin price drops below the lower side if the handle at $0.03213. A drop below that level will point to more downside, potentially to the lower side of the cup at $0.016.
JasmyCoin needs to rise by 2,170% to get to $1. While this is possible, especially in the crypto industry, chances are that it will not happen this year or in 2025.
Crypto Analysts are Bullish on JasmyCoin
Most crypto analysts are upbeat about Jasmy, a crypto that is often referred to as Japan’s Bitcoin. Their main argument is based on the technical factors that we have looked at above.
One analyst noted that Jasmy was working with Apple to integrate My Number Card to the country. Apple and Jasmy have not confirmed these rumors, but a potential collaboration would be a game-changer for Jasmy.
The biggest potential catalyst for Jasmy is the ongoing Bitcoin price bull run, which analysts expect will go on in the near term. As we wrote earlier, one analyst sees BTC price soaring to $120,000 in the next few weeks. Jasmy often does well when Bitcoin is in an upward trajectory.
The post Can Jasmy Coin Price Soar to $1 in 2025? appeared first on CoinGape.
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