Jasmy Coin has surged by more than 125% in recent days, reaching new local highs of more than $0.01625. The Japanese project witnessed an unprecedented rise in market value, which has attracted investors and analysts who are more optimistic about the upcoming trend. Now the question arises: whether the breakout is short-lived hype or sustainable growth.
The crypto environment, specifically the regulatory stand, is varying considerably in Japan, with the authorities reportedly approving venture capital investments in crypto projects. This could have directly impacted the JASMY price, which may have kept the bullish sentiments uprooted for a longer time.
From a technical perspective, the JASMY price has risen above the decisive symmetrical triangle after consolidating for over 500 days. Now that the token’s accumulation range has been broken, the JASMY price is expected to go up.
To be updated soon
