Date: Thu, July 10 2025 | 11:42 AM GMT
The cryptocurrency market reached a major milestone today as Bitcoin (BTC) surged to a fresh all-time high of $112,000. Ethereum (ETH) followed closely behind, jumping 5% and trading near $2,800. The bullish momentum has spilled into the major altcoins— including Jasmycoin (JASMY).
While JASMY has posted a 5% daily gain, what’s really turning heads is its chart structure — one that looks very similar to Sei (SEI), which recently delivered a powerful breakout.
JASMY Mirrors SEI’s Breakout Structure
A look at SEI’s recent price action shows it completed a classic falling wedge pattern — a well-known bullish reversal formation. SEI broke out from the wedge, reclaimed its key moving averages (50-day, 100-day, and 200-day), and then exploded higher.
Now, JASMY seems to be tracing a very similar path.
On the daily chart, JASMY has broken out from its own descending wedge. After the breakout, it is now consolidating right beneath the 50-day and 100-day moving averages, both converging around $0.0147 — a key resistance zone.
This setup echoes what SEI displayed just before it rallied 76%, adding to the growing speculation that JASMY may be the next to pop.
What’s Next for JASMY?
For the bullish setup to fully validate, JASMY needs to break and close above $0.01473, its immediate resistance zone marked by the 50-day moving average.
A decisive move above that level — especially with volume backing it — could trigger a strong leg upward toward the 200-day moving average near $0.01914, suggesting a potential 45% move from current levels.
While the setup looks promising, it’s important to wait for confirmation. Until JASMY breaks above its key resistance, there’s still a possibility of further sideways consolidation or even a false breakout.
That said, the fractal pattern is hard to ignore. If history repeats and the SEI-like structure plays out, Jasmycoin bulls could be in for an exciting ride ahead.
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