JASMY has been named one of the best cryptocurrencies to buy that is under $1 during this bull run ny Cheeky Crypto. The analyst behind the channel utilized Fibonacci retracement and Elliott Wave Theory to assess the potential price movements for JasmyCoin based on its historical performance.
Analyzing JasmyCoin’s Market History
JasmyCoin’s market history is relatively short, commencing in November 2021. After reaching an all-time high of $0.036, the cryptocurrency experienced a dramatic decline, plummeting to lows of $0.018 by December 2022. This steep downturn represented a staggering 99.25% loss for investors who entered at the peak.
Despite these challenges, JasmyCoin has shown resilience. After finding support between the 0.786 and 0.882 Fibonacci levels, particularly around $0.03, the coin rebounded significantly. From lows of $0.00273, it surged to a high of $0.02, indicating renewed buyer interest.
The analysis presented that JasmyCoin is currently navigating through the fifth wave of an Elliott Wave cycle. He noted that while Wave 5 is trending upward, profit-taking may soon trigger a correction. Expected support levels during this correction are projected between $0.015 and $0.019, with a potential deeper retracement ranging from $0.0285 to $0.0335.
Price Predictions for 2025
Using Fibonacci levels, the analyst suggested both conservative and aggressive price targets for JasmyCoin price in 2025.
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The conservative price range is projected to be between $0.0111 and $0.0193, while aggressive targets could soar between $0.039 and $0.085.
If JasmyCoin’s price exceeds $0.085, it would enter a phase of price discovery, potentially leading to even higher gains.
