• Jasmy prices drop as whales sell millions, creating market pressure.
• Analysts predict a potential 95% rally fueled by bullish technical patterns.
• Breaking $0.02964 resistance could drive a recovery toward $0.044 and beyond.

JasmyCoin (JASMY) has dropped, entering a bearish phase as whales offload large token holdings. One whale sent 57.2 million tokens to Coinbase, suggesting intentions to sell. Others moved $582,000 to Binance and over $3 million to Gate.io. These massive sell-offs create downward pressure on prices. However, many analysts remain hopeful, predicting a strong rebound. Could Jasmy recover and achieve a 95% gain next year?

Analysts Stay Optimistic Despite Whale Activity

Whale sell-offs often spook traders, given their impact on the market. Recent sales have sent shockwaves, yet analysts believe a recovery is possible.Analysts predict Jasmy could hit $0.05 this month and climb to $0.20 by March.

Some expect prices to touch $1 by June, marking a potential 4,900% rally. Another analyst points to a cup-and-handle pattern forming on the daily chart, a reliable indicator of future growth. This pattern, known for signaling bullish trends, adds weight to positive forecasts.

Technical Patterns Signal a Possible Rebound

Jasmy’s charts reveal an inverse head-and-shoulders pattern, a sign of bullish momentum. The head is at $0.016, while the shoulders rest near $0.020. This setup suggests a potential price reversal in the coming weeks. The coin is also nearing a golden cross, where the 50-day moving average crosses above the 200-day average.

This technical indicator historically predicts strong rallies. For example, the last golden cross in November saw Jasmy prices soar by 830%. Breaking above $0.02964, last week’s high, could signal the start of another rally. Analysts believe this could lead to a jump toward $0.044, a 90% increase from current levels.

Clearing this resistance would pave the way for further gains in 2024. Despite recent whale sell-offs, Jasmy retains strong rebound potential. Technical signals and optimistic forecasts suggest a 95% gain remains achievable next year. However, price movement in the coming weeks will be crucial in shaping future momentum.

The post Whale Sell-Off Pressures Jasmy: Is a 95% Gain Still Achievable in 2024? appeared first on Crypto News Land.

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