JASMY Breaks Out of Symmetrical Triangle, Faces Key Resistance

• JASMY broke out bullishly but faces strong resistance at $0.01500-$0.01600, a key level for trend confirmation.
• A successful breakout above resistance could push JASMY to $0.01700, but macroeconomic factors may impact momentum.
• Liquidity is high, and strong buying interest supports the breakout, but rejection at resistance could trigger a pullback.

JasmyCoin (JASMY) has busted out of a symmetrical triangle setup, which is bullish, according to analyst Crypto front. Price is at $0.01417, trying to go up. The price, however, may be held back from going up higher by steep resistance between $0.01500 and $0.01600. This coming week might be the one that informs us whether JASMY continues to go up or gets rejected .

Bullish Breakout and Key Resistance Zone

JASMY bulls have managed to push the price above the symmetrical triangle, confirming a breakout. The breakout candle shows increased buying pressure, suggesting a potential upward continuation.

However, the price remains below a major supply zone. This region, between $0.01500 and $0.01600, previously served as strong support before a sharp breakdown occurred. If JASMY reclaims this area, it could confirm a shift in market structure.

Potential Price Targets and Market Sentiment

The measured move from the breakout suggests a 27.03% price increase, setting a target of approximately $0.01700. However, this depends on whether the macroeconomic environment supports bullish sentiment. Stock markets and gold prices may influence JASMY’s momentum.

Moreover, liquidity remains high, with a tight bid-ask spread. The buy price stands at $0.01418, while the sell price is $0.01417. This indicates strong market participation and interest in JASMY at current levels.

Market Structure and Future Outlook

The 1-hour chart reflects a previous downtrend, followed by consolidation and a bullish breakout. Higher lows formed before the breakout, further strengthening the bullish case. If JASMY breaks above the supply zone , bullish momentum could extend toward the next resistance at $0.01700. Conversely, if sellers re-enter the market, the price may retest lower support levels.

Besides, traders should watch for price reactions within the key resistance zone. A clean breakout and retest above this level could confirm a stronger uptrend. Otherwise, rejection at resistance might lead to a pullback.