JasmyCoin (JASMY) price has not been following a bullish trajectory in the market, with the price consistently trading sideways. This has created some concerns in the JASMY community, as it looks like its holders might miss out on the rallies.
Crypto Front, a YouTube channel dedicated to crypto, addressed the issues, acknowledging that many in the JASMY community are likely questioning their investment choices, which has led to feelings of doubt about the project’s viability.
However, he firmly believes that now is not the right time to sell. He argues that selling at this juncture could be a critical mistake, expressing his conviction that JASMY is poised for a significant upward movement.
He explains the concept of market leaders, mid-tier coins, and laggards, suggesting that JASMY currently falls into the latter category. Despite this, he remains optimistic, asserting that the timing of its price surge is irrelevant to its eventual success.
Technical analysis forms a key part of the analyst’s argument. He pointed out familiar price structures observed in other cryptocurrencies, indicating that JasmyCoin is on the brink of a breakout.
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Is Jasmy’s Breakout Imminent?
Crypto Front drew parallels to historical price movements, referencing Cardano, which took over three years to begin its ascent following a bear market. With JASMY currently at day 1,112 since its last significant rally, the analyst believes that a price surge could happen at any moment.
Moreover, he addresses the unpredictable nature of market movements, noting that price increases often occur without prior announcements. This unpredictability adds to his strong conviction about an imminent pump in Jasmy’s price.
He expresses confidence so profound that he’s willing to stake his credibility on the outcome; if JasmyCoin doesn’t rise by at least 4.5 cents, he contemplates ceasing his coverage of the coin. He reiterates his bullish stance on JASMY, citing favorable technical indicators like the 50-day moving average.
The analyst reassured investors that in a bullish market, all cryptocurrencies are likely to rise together, albeit at different times.
Ultimately, he conveys a sense of inevitability regarding JASMY’s future price movement, assuring investors that it’s merely a matter of time before they see significant gains
