- JASMY forms a Bullish Butterfly pattern signaling potential continuation of upward momentum.
- Holding above the 200-day moving average strengthens support and investor confidence.
- A breakout could fuel a 28,000% rally toward the $4.47842 long-term target.
The spark of momentum around JASMY refuses to fade. A massive target looms above, shining like a beacon for traders eyeing breathtaking gains. That target sits at $4.47842, and the journey toward it could still deliver a staggering 28,000% run. Few assets hold such explosive potential, yet JASMY appears to be shaping the foundation for something extraordinary. The price action unfolding now carries the weight of possibility and the promise of outsized returns.
A Bullish Setup Hidden in a Bearish Pattern
On the daily chart, JASMY forms a Bearish Butterfly harmonic pattern . Despite the intimidating name, this structure often transforms into a springboard for strength as it advances toward completion. The CD leg, now in progress, is where many rallies gain liftoff.The structure began at point X near $0.02056 before falling to A. From there, the market rebounded to B and corrected to C near $0.01454.
After reaching that level, JASMY began a climb, reclaiming ground with determination. The token now trades close to $0.01603, signaling renewed appetite from buyers. One crucial element stands out: JASMY holds above the 200-day moving average near $0.01577. This line now acts like a fortress wall, shielding the price from further decline.
As long as buyers defend this level, the market gains confidence. Momentum often thrives when such support transforms into a launchpad. If strength persists, JASMY could push higher into the Potential Reversal Zone. This area stretches between $0.02235, tied to the 1.272 Fibonacci extension, and $0.02464, linked to the 1.618 extension.
The Bigger Picture: Why the Explosion Still Holds Weight
The breakout from late 2022 set the stage for the long-term target at $4.47842. Although the road has included turbulence, the overall setup remains alive. A 280X move may sound like hyperbole, yet history often rewards persistence in the crypto market . Each retracement tightens pressure, building force for the eventual release.
JASMY holding firm above the 200-day moving average only strengthens that spring. Traders know that once such a level provides support, price action often accelerates in dramatic fashion. The Butterfly pattern, far from bearish in this case, could serve as a bridge toward greater highs. Completion of the PRZ would energize the chart, drawing fresh demand.
With momentum on JASMY’s side, the path to higher levels does not appear unrealistic. Of course, reaching a target above $4 requires time, patience, and strong conviction. Yet the signs emerging today suggest the market is not finished. A long-term explosion may still ignite, and those watching closely will want to see how this next chapter unfolds.
