Jasmy Coin shows strong bullish potential after reclaiming its 50-day moving average, historically a precursor to major rallies, though resistance and external risks loom.

The once-sleepy Jasmy Coin is stirring again, with a key technical indicator hinting at a potential breakout if it can overcome lingering skepticism and market pressures.

After months of struggling below resistance, Jasmy has clawed its way back above the 50-day moving average (MA), a level that has historically preceded dramatic surges. Past breakouts have triggered rallies of 120% or more, with one 2023 rebound even delivering a staggering 400% pump. This time, the MA is holding firm around 1.33-1.34 cents, fueling optimism among traders who see the setup as a coiled spring.

But the path ahead isn’t clear. Jasmy now faces a critical test near 1.7 cents, where former support could morph into stubborn resistance. Technical tools like the RSI and EMA crossovers suggest momentum is building, yet the coin remains vulnerable to sudden shocks a delisting or broader market downturn could erase gains overnight.

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The mixed signals reflect a broader tension in crypto markets, where technical patterns collide with unpredictable external forces. For Jasmy’s believers, the 50-day MA is a lifeline; for critics, it’s just another false dawn in an asset known for volatility.

As traders place their bets, one thing is certain: the next candle closes could determine whether Jasmy’s latest breakout is the real deal or another cautionary tale.