Date: Fri, February 14, 2025 | 10:53 AM GMT
The cryptocurrency market has been in a correction phase following the November rally, but signs of an altcoins recovery are emerging. Bitcoin dominance has dropped by 2.12% over the past 7 days, now sitting at 60.58%, suggesting that altcoins might be gearing up for a rebound.
Following this, JasmyCoin (JASMY) and Quant (QNT) are turning green in weekly performance after experiencing deep corrections of 48% and 30% over the past two months.
Both tokens are approaching key resistance levels within their falling wedge patterns—a classic bullish formation that often leads to breakouts.
JasmyCoin (JASMY)
JASMY has been stuck in a falling wedge since December 6, when it got rejected at $0.059. The price plunged to $0.018, testing the lower trendline of the wedge, but it has since started to recover.
Now, JASMY is trading at $0.023 and inching closer to the upper trendline of the wedge. If the price manages to break above this resistance and confirm support on a retest, a strong rally could follow. The next major obstacle will be the 200-day simple moving average (SMA). A successful breakout could push JASMY toward $0.03467, marking a potential 50% gain from its current price.
The MACD indicator is flashing early signs of a bullish crossover, suggesting that buying pressure is starting to build.
Quant (QNT)
Similar to JASMY, Quant (QNT) has also been forming a falling wedge pattern after facing strong rejection from its December 7 high of $171. The correction brought QNT all the way down to $73, where it found support at the lower trendline of the wedge.
Currently, QNT is recovering and trading around $93.50. With the MACD indicator shifting toward a bullish crossover, momentum appears to be favoring buyers.
If QNT breaks above resistance and confirms it as support, the next major hurdle will be the 25-day SMA. A successful breakout could push the price up to $115, offering a potential 22% upside.
What’s Next?
With JASMY and QNT nearing crucial breakout levels, traders should keep a close eye on their price action in the coming days. A breakout from the falling wedge pattern could trigger a strong rally, but overall market conditions, including Bitcoin dominance and Ethereum’s price movement, will play a key role in determining whether altcoins can sustain their recovery.
Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
