Look! ! JASMY presents a triangle rise, can it continue to rise after breaking through the resistance level?

In the past 24 hours, the decentralized physical infrastructure network (DePIN) cryptocurrency has risen by 9.2% and 44% in the past 7 days. The price of JASMY recently broke out of the ascending triangle, and the price surged by 63%.

The price action is above the 50-day and 200-day moving averages, which is a bullish sign for the project. However, during the rise, the JASMY price left some unfilled fair value gaps (areas of market inefficiency or imbalance). .

The FVG on the JASMY chart is located around $0.032 and $0.028. Therefore, the price of JasmyCoin may revisit these levels, providing buyers with an opportunity to fill in at a cheaper price. The FVG also coincides with the 0.38 and 0.5 Fibonacci retracement levels, which further confirms that they are potential support areas.

After the retracement, the JASMY price may rebound and run to the 0.27 Fibonacci Extension level (around $0.046). Eventually, the JASMY price could rebound to $0.64 as there is currently strong resistance near this price level.

As the DePIN industry continues to mature, tokens such as JASMY will continue to outperform the market. Industry giants such as Apple and Panasonic are involved in the JasmyCoin field, which only shows that integration and cooperation are inevitable in the future. JASMY investors are watching the market closely to seize more buying opportunities.

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