Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Jasmycoin (JASMY) Testing Key Fractal Support — Could It Repeat a Bounce Back?

Jasmycoin (JASMY) Testing Key Fractal Support — Could It Repeat a Bounce Back?

CoinsProbeCoinsProbe2025/08/03 18:55
By:Nilesh Hembade

Date: Sat, Aug 02, 2025 | 06:04 PM GMT

The broader crypto market has entered a phase of sharp correction, led by Ethereum (ETH) retreating from the $3,940 resistance level to around $3,425 — a significant daily drop that has sent ripples across altcoins . Jasmycoin (JASMY) hasn’t been spared, sliding 18% this week and paring back its monthly gains to just 11%.

But despite the recent decline, JASMY’s current price behavior is starting to look familiar — and in a good way. Price action is echoing a prior fractal pattern that preceded a major bullish rally, raising hopes among traders that history might be about to repeat itself.

Jasmycoin (JASMY) Testing Key Fractal Support — Could It Repeat a Bounce Back? image 0 Source: Coinmarketcap

Fractal Setup Hints at a Bullish Reversal

On the daily chart, JASMY is beginning to mimic a structure seen back in October 2024.

At that time, the token broke out of a long-standing downtrend, reclaimed both its 50-day and 200-day moving averages (MA), then underwent a sharp correction. That pullback found strong support at the 50-day MA and the 0.618 Fibonacci retracement level — a critical confluence zone that acted as a launchpad for a 202% rally toward the ascending resistance trendline.

Jasmycoin (JASMY) Testing Key Fractal Support — Could It Repeat a Bounce Back? image 1 Jasmycoin (JASMY) Fractal Chart//Coinsprobe (Source: Tradingview)

Fast forward to the present — and a near-identical pattern appears to be unfolding.

JASMY has again broken above a downtrend, reclaimed the 50-day and 200-day MAs, and is now in the midst of a similar correction. It is currently testing the same key confluence zone: the 50-day MA and the 0.618 Fib level, both of which were pivotal last time in sparking a reversal.

What’s Next for JASMY?

If the fractal setup plays out as it did before, JASMY could bounce strongly from this support area. A successful move above the 200-day MA, which currently sits near $0.01710, would confirm bullish momentum and potentially ignite a rally toward the upper resistance line, projected above the $0.080 level.

However, to maintain this bullish outlook, JASMY must reclaim and hold above the 200-day MA. Failing to do so could invalidate the fractal and expose the price to deeper losses.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

HashWhale unveils new "principal-protected mining" business at TOKEN2049 Singapore 2025

TOKEN2049 is a top-tier event in the Web3 industry and will be held in Singapore in 2025, expected to attract over 25,000 attendees. HashWhale, as a BTCFi platform, will participate in the event to showcase new products and upgraded user experiences. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

MarsBit2025/09/23 10:35
HashWhale unveils new "principal-protected mining" business at TOKEN2049 Singapore 2025

Bitcoin spot ETFs see $363M outflow

Cryptobriefing2025/09/23 10:33
Bitcoin spot ETFs see $363M outflow

When Tens of Billions in Selling Pressure Meets the 45% Burn Proposal, the Hyperliquid Valuation Battle Escalates

This article discusses a radical unofficial proposal regarding the decentralized exchange Hyperliquid's token $HYPE, put forward by investment manager Jon Charbonneau and independent researcher Hasu. The core of the proposal is to burn approximately 45% of the total supply of $HYPE tokens, aiming to address the current issue of an excessively high FDV, making it better reflect the actual circulating value and thereby attracting more institutional investors.

Chaincatcher2025/09/23 10:19
When Tens of Billions in Selling Pressure Meets the 45% Burn Proposal, the Hyperliquid Valuation Battle Escalates

Bitcoin confirms removal of OP_Return byte limit: Is Bitcoin facing another on-chain governance split?

The debate over OP_Return has been ongoing for nearly six months. Will it trigger a hard fork similar to that of 2017?

Chaincatcher2025/09/23 10:18
Bitcoin confirms removal of OP_Return byte limit: Is Bitcoin facing another on-chain governance split?