- Popular analyst and $JASMY enthusiast notices interesting chart pattern for $JASMY price.
- It seems that $JASMY is mirroring the $ADA price chart of 2021 when $ADA set $ATH of $3.
- If $JASMY continues on this trajectory then a new $JASMY $ATH may arrive soon.
JasmyCoin has gained a lot of attention over the past few weeks. The project’s partnership news with Apple paired with speculation surrounding possible partnerships with Tesla and Ripple has built massive momentum for a bullish $JASMY price spike.
However, the unexpected dips in the crypto market caused by Bitcoin ETF outflows outweighing Bitcoin ETF inflows has led to major dips in the crypto market. Despite $JASMY holding strong, this asset too took a dip.
Still, the Bitcoin of Japan shows strong support and is gearing up to break its impending resistance levels to print a bullish spike. This expected bullish surge for $JASMY price could be very similar to Cardano’s ($ADA) epic price movements made in 2021.
#Jasmy will follow the footprints of #Ada back in 2021. 🔥
— STEPH IS CRYPTO (@Steph_iscrypto) June 13, 2024
Once we break $0,05 it's game on!
I explained it here: https://t.co/1n7SXGlFUf pic.twitter.com/gERB13YXxs
In detail, popular crypto analyst and $JASMY enthusiast, Steph is Crypto shares a video exploring the $ADA spike mirror move $JASMY could make very soon. He starts by saying it is a fair comparison to match these two tokens to observe price action as both have similar total supply with strong use cases dedicated communities.
He says if $JASMY would 8x and hit $0.3 this would mean $JASMY market cap will have matched that of $ADA’ present market cap. Similarly, he says if $JASMY mangoes to hit a market cap of $ADA’s $ATH market cap then we’ll see a 51x on $JASMY price taking the asset to a price mark of $1.97.
He says this could be possible at the end of 2025 or 2026 in Steph’s eyes. Although this would be a very low price expectation for $JASMY as the $JASMY CFO and CEO believe $JASMY can hit $17 by 2026.
Coming back to the video, Steph notes the weekly price action for $ADA in 2021 and for $JASMY at current time. He notices how both assets have printed almost the same price action with mirroring price charts.
He notes that this action is what led to $ADA setting a $3 $ATH, something very unexpected for the asset at the time. He concludes by saying $JASMY could very well pull a similar massive price high like $ADA did in 2021.
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