bullish

JasmyCoin

Bitcoin

Momentum

While Bitcoin trades sideways between $95,000 and $98,000, altcoins are in the midst of a robust bull run, with investors seemingly rotating their gains into altcoins. One standout performer is JasmyCoin (JASMY), which has surged 35% in the past 24 hours, pushing closer to a $2 billion market capitalization. 
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 <img decoding="async" width="857" height="484" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/JasmyCoin-Price-Chart-857x484.png" alt="JasmyCoin Price Chart" class="wp-image-220008">
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 Source: <a href="https://coinmarketcap.com/currencies/jasmy/#Overview" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
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JasmyCoin’s price has seen a parabolic rise since bouncing off the $0.016 support level on November 5, marking a 144% gain since then. The altcoin is currently trading at $0.04, forming a rounding bottom reversal pattern on the daily chart. JasmyCoin’s 24-hour trading volume now stands at $805 Million with a 125% increase. 
The bullish momentum recently broke a long-standing resistance trendline, ending a streak of lower highs. Additionally, the price surpassed the critical supply zone at $0.032-$0.033. JasmyCoin’s intraday gain of 33% marks its seventh consecutive bullish daily candle, indicating strong upward momentum. 
With the price now approaching the 100% Fibonacci level at $0.04077, bullish sentiment anticipates a new weekly high, suggesting an upside potential of 96%. However, analysts caution that a retest of the $0.03353 Fibonacci level could occur if momentum falters. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/12/03/ripples-xrp-soars-approaching-3-after-444-surge/" target="_blank" rel="noreferrer noopener">Ripple’s XRP Soars: Approaching $3 After 444% Surge</a> 
</blockquote>

JasmyCoin Nears $2B Market Cap as Altcoin Rally Gains Momentum

The Crypto Times

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