JasmyCoin (JASMY) confirmed a breakout above its key resistance trend line on Thursday, February 12, signaling a potential shift in market momentum.
According to the crypto analyst Clifton Fx, the token is currently undergoing a retest of the breakout zone on the 4-hour timeframe, which will determine whether the bullish trend can hold or if a pullback might occur. Traders are closely monitoring the price action to assess the stability of the breakout.
Source: Clifton Fx X post
If the retest proves successful, JASMY could see a significant rally, with potential targets reaching as high as $0.0099. This breakout has sparked renewed optimism among traders, as it suggests the possibility of a trend reversal.
If the bullish momentum persists, the token may experience further upward movement, positioning the token for strong performance in the broader altcoin market.
Also Read: JasmyCoin (JASMY) Eyes $0.032 Amid Falling Wedge Reversal Setup
Technical Outlook Points Consolidation Above Key Support
According to TradingView, as of Thursday, February 12, JASMY has declined from its previous high, falling to $0.0045 in early December 2025.
The major Fibonacci retracement levels are at $0.0080392 (0.618) and $0.0073667 (0.5). These are major retracement levels that can act as barriers. For traders, these are critical points that may cause JASMY to change its direction or continue its downward momentum.
Source: TradingView
Currently, JASMY is slowly moving towards a recovery, trading around the value of $0.00583. This is a test for the important Fibonacci levels, and once it breaks these levels, a breakout is imminent. However, if it fails to go past these levels, we will witness a consolidation or a pullback.
Momentum Indicators Point to Early Stabilization Signals
The Relative Strength Index (RSI) stands at 44.43, which is nudging JASMY closer to a neutral position. This means that the asset is neither overbought nor oversold.
Therefore, it can move in any direction. In case the asset moves further than 50, it would indicate that it is gaining upward momentum. In case it falls below 30, it would mean it is oversold.
Source: TradingView
Moving Average Convergence Divergence (MACD) is also moving higher, as indicated by its line currently at 0.00002, while its signal line is at -0.00044, suggesting that MACD may be indicating a potential crossover.
The histogram is also showing positive momentum, although it is not strong enough to suggest that the asset has fully reversed. However, it seems that buying pressure is picking up speed.
Also Read: JASMY Falling Wedge Pattern Signals Massive 47x Upside Opportunity