The post JasmyCoin Breaks Bearish Pattern—Can JASMY Price Sustain the Breakout and Reach $0.01? appeared first on Coinpedia Fintech News
JasmyCoin’s latest rebound attempt has already run into trouble. After briefly stabilizing and pushing toward the upper end of its recent range, JASMY faced a sharp rejection, with sellers stepping back in decisively. The failure to hold the bounce raises a critical question: was this recovery just another temporary relief rally within a broader downtrend?
The strong bearish reaction from the upper range suggests that supply remains active at higher levels. With price now slipping back toward the lower boundary of its recent structure, traders are watching closely. Will buyers defend this zone once again, or is the market preparing for a deeper breakdown?
The next move could define whether the JASMY price is building a base—or simply extending its bearish phase.
Can the JASMY Price Continue With the V-Shaped Recovery to $0.008?
JASMY remains trapped within a descending parallel channel despite its recent bounce. The recovery attempt stalled near the upper boundary of the channel, where sellers stepped back in aggressively. This rejection keeps the broader bearish structure intact for now.
Price is also struggling near the mid-Bollinger Band, which often acts as dynamic resistance during downtrends. Until JASMY pushes decisively above this level and reclaims the $0.0066–$0.0070 zone, the V-shaped recovery remains incomplete.
Meanwhile, MACD continues to hover below the signal line, reflecting weak bullish momentum despite the recent rebound. A breakout above the channel resistance could open the path toward $0.008 and potentially $0.0104. However, failure to hold above $0.0048 may drag the price back toward lower support levels within the channel.
The Bottom Line
JasmyCoin price is at a decisive point. The recent bounce suggested a possible V-shaped recovery, but rejection at the upper boundary of the descending parallel channel shows sellers remain active. Unless price reclaims the $0.0066–$0.0070 zone and breaks above channel resistance, the broader bearish structure stays intact.
A confirmed breakout could open the path toward $0.008 and possibly $0.0104. However, losing the $0.0044–$0.0048 support area would weaken the recovery thesis and risk deeper downside. The next few sessions should determine whether the JASMY price is preparing for a reversal or extending its downtrend.