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.
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.
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%).
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.
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