Date: Mon, July 14, 2025 | 05:10 AM GMT
The cryptocurrency market has entered historic territory today, with Bitcoin (BTC) soaring to a new all-time high of $121,000. Ethereum (ETH) is riding this bullish momentum too, posting an 18% weekly gain. This wave of bullishness is lifting major altcoins including Jasmycoin (JASMY).
JASMY has jumped 12% today, pushing its weekly gains to 38%. While that alone is impressive, what’s catching traders’ attention is a key technical pattern quietly unfolding on the chart — a harmonic setup known as the Bearish Bat. This pattern is often associated with a strong price rally before it reaches completion.
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, JASMY appears to be forming a Bearish Bat harmonic pattern, which typically forecasts upward movement during its CD leg — the final stretch of the formation.
The pattern began near $0.041 at point X, dropped to point A, rebounded to point B, and then declined again to point C around the $0.010 level. Since then, the token has started to recover, climbing back toward $0.017. At the moment, JASMY is testing its 200-day moving average at $0.01874, which is a critical resistance point.
Based on harmonic theory, the final upward leg toward point D could lead the token into the Potential Reversal Zone (PRZ), a region between $0.03751 and $0.04127. This implies more than 140% potential upside from the current price level if the pattern plays out.
What’s Next for JASMY?
For JASMY to continue this bullish trajectory, it needs to decisively break above the 200-day moving average and sustain that level with strong trading volume. A successful breakout would likely accelerate momentum, driving the price toward the projected target zone where the harmonic pattern completes.
However, caution is still warranted. A drop below key support at $0.011 could invalidate the setup and delay any continuation of the rally.
Disclaimer: This article is for informational purposes only and reflects the writer’s personal views. It should not be considered financial advice. Always conduct your own research before investing in cryptocurrencies.
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