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- Bitcoin price moves to slow sideways movement as altcoins rally.
- Altcoin JASMY broke past a major barrier at $0.044.
- Analyst expects JASMY to skyrocket after having claimed $0.05 price level.
Bitcoin’s latest ATH was set at $103,900.47 igniting bullish sentiment in the crypto realm. Presently, Bitcoin price has fallen back to the 5-digit price range below $100,000 and analysts expect this dip to carry further before a steady sideways movement takes over. Despite the BTC price dip, altcoins continue to show resilience.
So far, analysts expected altseason to arrive in Q1 of 2025, but the recent bullish activity in altcoins has led many analysts to consider what could simply be the fact that altseason has arrived much earlier than expected. Many altcoins have already pumped significantly like ADA, VET, VTHO, and XRP, the latter pumped almost 500% in the last month.
Altseason Empowers Bullish Altcoin Action
Meanwhile, altcoins such as ONDO and SUI went on to set new ATHs alongside Bitcoin’s latest ATH. Around the same time, Ethereum (ETH), MultiversX (EGLD), and JasmyCoin (JASMY) all experienced bullish price breakouts. Other altcoins like DOGE and SHIB also seem to be preparing for major price pumps in the coming weeks.
$JASMY finally cup and handle pattern version!
— Team LAMBO (@TehLamboX) December 6, 2024
Telegram: https://t.co/71apcaZ06R
We have broken out of 0.044$ for the breakout and now the targets are local highs one at 0.12$ and then 0.32$ off here!#JASMY #JASMYUSDT #Crypto #Jasmycoin pic.twitter.com/B4w40B12cu
In detail, analysts are keeping a close eye on JASMY, the asset known as the Bitcoin of Japan pumped alongside Bitcoin showing strong potential for the ongoing bull cycle. As we can see from the post above, JASMY broke through the major $0.044 barrier and is now sitting at $0.05. This analyst expects next top targets at $0.12 and $0.32.
JASMY Primed for Major Price Pump
$JASMY Macro chart
— CryptoBullet (@CryptoBullet1) November 4, 2024
(chart request)#JASMY has done very well this year but imo it’s running out of gas.
There’s only one wave up left. I wouldn’t count on crazy targets like $1 or $3, it’s not gonna happen.
🎯 Wave 5 should take us to $0.0850-0.1250 pic.twitter.com/Mq46nnHPN2
Meanwhile, another analyst expects JASMY to have just entered its Wave 5 phase where the price of JASMY could pump from its present position to highs between $0.085 and $0.125. This analyst does not expect JASMY price to go as high as $1 or $3, but other analyst believe $1 is still a possibility for the altcoin this bull cycle.