JasmyCoin (JASMY) price has risen 14% in the last seven days, and its market cap is approaching $1.6 billion. The recent rally has been fueled by multiple golden crosses, signaling strong bullish momentum, while the Ichimoku Cloud setup remains positive.

However, BBTrend has turned negative, suggesting that selling pressure could increase in the near term. Whether JASMY continues its surge or faces a pullback will depend on how it reacts to key resistance and support levels in the coming days.

JASMY BBTrend is currently at -4.36, dropping sharply from 6.37 just a day ago.

This rapid decline indicates a significant shift in momentum, suggesting that bearish pressure has increased over the past few hours.

BBTrend is a trend strength indicator derived from Bollinger Bands, which measures price momentum relative to its volatility range. A positive BBTrend indicates bullish momentum, while a negative reading suggests increasing bearish pressure.

With JASMY BBTrend turning more negative, it signals that sellers are gaining control, which could lead to further price declines unless buying pressure increases.

The Ichimoku Cloud chart for JASMY shows a strong bullish breakout, with the price moving well above the cloud (Kumo). The Tenkan-sen (blue line) is also above the Kijun-sen (red line), reinforcing short-term bullish momentum.

The Chikou Span (green lagging line) is far above the past price action, confirming that the trend has strong upside pressure. However, the future cloud is still red, meaning that some resistance could emerge if price retraces.

Despite this strong move, the price has now consolidated after its breakout, and the Tenkan-sen has been acting as short-term support. If the price remains above the cloud, the bullish trend could continue, but a move back into the cloud might indicate a period of consolidation or weakening momentum.

The cloud ahead is turning green, suggesting that if buyers maintain control, the trend could stay intact. The next few candles will be crucial in determining whether JASMY continues its upward trajectory or faces a correction.

JASMY chart shows its EMA lines formed multiple golden crosses in the last few days, signaling strong bullish momentum. Another golden cross could form soon, which may push JASMY toward its next resistance at $0.036.

If that level is broken, further upside could take JASMY to $0.041, reinforcing its bullish trend, especially if the narrative around DePIN recovers a good momentum.

However, BBTrend suggests that the trend could be at risk of reversing. If selling pressure increases, the altcoin could test the support at $0.031, and if that level fails, a drop to $0.029 could follow.

A stronger downtrend could push the price as low as $0.025, making the next moves critical for determining whether the bullish trend can continue.

The post JASMY Surges 14% In One Week as Golden Crosses Signal Strong Bullish Momentum appeared first on BeInCrypto.

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