Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
JasmyCoin (JASMY) Mirrors Past Bullish Breakout Setup — But One Catalyst Holds the Key

JasmyCoin (JASMY) Mirrors Past Bullish Breakout Setup — But One Catalyst Holds the Key

CoinsProbeCoinsProbe2025/04/18 08:25
By:Nilesh Hembade

Date: Fri, April 18, 2025 | 04:35 AM GMT

The cryptocurrency market has endured a brutal start to the year, but sentiment is beginning to shift following U.S. President Trump’s recent announcement of a 90-day tariff pause, a move that injected fresh optimism into market.

One token that appears to be benefiting from this shift is JasmyCoin (JASMY). After suffering a massive 61% decline over the past 90 days, JASMY has bounced back with 14% gains over the past week, now hinting at a potential bullish breakout rally — though a key catalyst could decide its next move.

JasmyCoin (JASMY) Mirrors Past Bullish Breakout Setup — But One Catalyst Holds the Key image 0 Source: Coinmarketcap

Mirrors Past Bullish Breakout Setup

A closer look at the daily chart shows JasmyCoin flashing a classic falling wedge breakout — a bullish reversal pattern that often appears before major recoveries.

JasmyCoin (JASMY) Mirrors Past Bullish Breakout Setup — But One Catalyst Holds the Key image 1 Jasmycoin (JASMY) Daily Chart/(Source: Tradingview)

The breakout happened around April 11, when JASMY cleanly surged above the $0.0080 resistance, bringing the price up to around $0.01349 at the time of writing.

Interestingly, this setup mirrors a similar breakout in late 2024. Back then, after a prolonged consolidation around the 50-day moving average (50 MA) (highlighted in the circle areas on the chart), JASMY exploded with a massive 200% rally.

Now, the pattern looks eerily similar — JASMY is once again consolidating around the 50-day MA, setting the stage for a possible repeat performance if momentum holds.

One Major Catalyst Could Decide the Next Move

While the technicals are strongly hinting at a breakout rally, the next big move largely depends on Binance.

Recently, Binance concluded its second batch voting for token delisting, and JasmyCoin (JASMY) unfortunately received the third-highest number of votes for removal (8.6%).

JasmyCoin (JASMY) Mirrors Past Bullish Breakout Setup — But One Catalyst Holds the Key image 2 Source: @Cointelegraph (X)

Although no final decision has been made yet, the uncertainty around a potential delisting has cast a bearish cloud over JASMY’s short-term prospects.

Until Binance officially announces the results of the second-round delisting vote, traders should remain cautious — a delisting could heavily impact liquidity and trigger a sharp selloff.

Conclusion:
JasmyCoin (JASMY) is at a critical junction. The technical setup looks almost identical to its past 200% breakout, suggesting a strong upside potential. However, the looming Binance delisting risk could flip the narrative very quickly. The next few days will be crucial for JASMY’s fate.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

$8.8 billion outflow countdown: MSTR is becoming the abandoned child of global index funds

The final result will be revealed on January 15, 2026, and the market has already started to vote with its feet.

深潮2025/11/22 11:59
$8.8 billion outflow countdown: MSTR is becoming the abandoned child of global index funds

Deconstructing DAT: Beyond mNAV, How to Identify "Real vs. Fake HODLing"?

There is only one iron rule for investing in DAT: ignore premium bubbles and only invest in those with a genuine flywheel of continuously increasing "crypto per share."

BlockBeats2025/11/22 11:24
Deconstructing DAT: Beyond mNAV, How to Identify "Real vs. Fake HODLing"?

Empowered by AI Avatars, How Does TwinX Create Immersive Interaction and a Value Closed Loop?

1. **Challenges in the Creator Economy**: Web2 content platforms suffer from issues such as opaque algorithms, non-transparent distribution, unclear commission rates, and high costs for fan migration, making it difficult for creators to control their own data and earnings. 2. **Integration of AI and Web3**: The development of AI technology, especially AI Avatar technology, combined with Web3's exploration of the creator economy, offers new solutions aimed at breaking the control of centralized platforms and reconstructing content production and value distribution. 3. **Positioning of the TwinX Platform**: TwinX is an AI-driven Web3 short video social platform that aims to reconstruct content, interaction, and value distribution through AI avatars, immersive interactions, and a decentralized value system, enabling creators to own their data and income. 4. **Core Features of TwinX**: These include AI avatar technology, which allows creators to generate a learnable, configurable, and sustainably operable "second persona", as well as a closed-loop commercialization pathway that integrates content creation, interaction, and monetization. 5. **Web3 Characteristics**: TwinX embodies the assetization and co-governance features of Web3. It utilizes blockchain to confirm and record interactive behaviors, turning user activities into traceable assets, and enables participants to engage in platform governance through tokens, thus integrating the creator economy with community governance.

BlockBeats2025/11/22 11:23
Empowered by AI Avatars, How Does TwinX Create Immersive Interaction and a Value Closed Loop?

Aster CEO explains in detail the vision of Aster privacy L1 chain, reshaping the decentralized trading experience

Aster is set to launch a privacy-focused Layer 1 (L1) public chain, along with detailed plans for token empowerment, global market expansion, and liquidity strategies.

BlockBeats2025/11/22 11:22
Aster CEO explains in detail the vision of Aster privacy L1 chain, reshaping the decentralized trading experience