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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Jasmycoin (JASMY) To Soar Further? Key Harmonic Pattern Signals Potential Upside Move
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.
Source: Coinmarketcap 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.
Jasmycoin (JASMY) Daily Chart/Coinsprobe (Source: Tradingview) 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.