JasmyCoin (JASMY) has shown a notable change in its price trend, with a significant rebound of 114% following a previous drop of 61% over ninety days. Recent chart analysis highlights a falling wedge breakout pattern that has just started to unfold, often considered a bullish reversal indicator.

The Bullish Signal from JASMY Resembles the 2024 Breakout

The breakout was triggered around April 11th, with JASMY bouncing off the $0.0080 support and reaching about $0.01349. This technical move shares key similarities with an event from late 2024, where JASMY surged 200% after a prolonged period of trading around the 50-day moving average (50 MA).

Key points of similarity:

Both instances involve a wedge breakout pattern and significant interaction with the 50 MA, suggesting potential for further bullish momentum if current trends persist.

A Significant Trigger That Could Spark a Pump

One of the most influential triggers for a major movement in JASMY’s price is tied to recent developments on the Binance exchange. Binance completed a user voting round on token removals, with JASMY ranking third in votes for delisting. This outcome places the coin at a critical point.

While no final decision has been made, the possibility of removal from Binance is a weighty factor. Market participants often view exchange delistings as negative signals, since they can dramatically reduce a token’s liquidity and trading activity.

Potential Impacts of a Delisting:

The technical setup for JASMY is compelling, showing patterns seen before a previous 200% move. However, this positive outlook depends heavily on whether Binance chooses to keep JASMY listed.

Investors and traders should monitor Binance’s next announcements closely. Any confirmation regarding the token’s status on the exchange could rapidly shift market dynamics. A favorable decision may restore confidence and possibly ignite upward momentum, while a delisting could trigger rapid selling and heightened uncertainty. Prudence and timely information are key in navigating this situation.

Keeping an Eye on Key Price Levels: Buy or Not?

When evaluating buying opportunities, it is important to track specific price points for JASMY. A decisive push through the $0.018 resistance is needed before considering higher targets. If JASMY sustains above this level, the next hurdle comes at $0.025, marking a potential upside of almost 89% from current levels. The momentum could extend further to $0.034, resulting in more than 40% additional gains above the previous resistance. Altogether, these moves could represent a total advance of approximately 143% if overall market conditions, like Bitcoin exceeding $90,000, remain favorable.

Conversely, the downside risk should not be ignored. Should a bearish environment prevail, JASMY would need to hold support at $0.011 to avoid deeper declines. Failure at this level could mean a retest of the next lower support at $0.0083.

Key Price Levels Table