Date: Wed, Aug 13, 2025 | 05:25 PM GMT
The cryptocurrency market is in full bullish swing as Ethereum (ETH) broke above the $4,700 mark for the first time since 2021. This 30% weekly surge has boosted sentiment across major altcoins, including Jasmycoin (JASMY).
JASMY has posted impressive weekly gains of 25%, and more importantly, its latest chart now reveals a key harmonic setup that points toward further upside in the near term.
Harmonic Pattern Hints at Potential Bounce
On the daily chart, JASMY is forming a Bearish ABCD harmonic pattern — a structure that, despite its name, often sees a bullish CD-leg before hitting the final Potential Reversal Zone (PRZ).
The move began with a rally from Point A near $0.01186 to Point B, followed by a retracement to Point C around $0.01393, where buyers stepped back in. Since then, JASMY has climbed to around $0.01837, showing that the CD leg is firmly underway.
If the pattern unfolds according to the traditional ABCD framework, the CD leg could extend to the 1.31 Fibonacci projection of the BC leg, placing the PRZ near $0.02266 — roughly 23% higher from current levels.
What’s Next for JASMY?
If bullish momentum remains intact, JASMY could push toward the $0.02266 zone. However, this area is likely to act as a significant resistance where profit-taking or short-term pullbacks could emerge. Before reaching the target, traders should remain mindful of the possibility of a retracement toward lower support levels.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct 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.
