Weekly $JASMY Chart Shows Accumulation While Price Holds Crucial Support Zone

$JASMY is consolidating in a long-term ascending channel, repeatedly bouncing off $0.010–$0.012 support, indicating steady accumulation by holders.

Weekly volume patterns show spikes during support bounces, confirming buyers enter gradually while maintaining control of market movements.

Price projections suggest mid-channel resistance near $0.020–$0.022, with the upper channel boundary around $0.06–$0.08 as potential medium-term targets.

$JASMY is currently consolidating within a clearly defined ascending channel on the weekly timeframe. Recent price action shows buyers stepping in around critical support zones. The market appears to be absorbing positions quietly while maintaining steady levels.

Ascending Channel Dynamics

The $JASMY/USDT weekly chart shows a consistent upward trajectory confined within parallel trendlines. The lower boundary, currently around $0.005–$0.007, has repeatedly acted as support without breaching the channel. This structure demonstrates the ongoing integrity of the bullish trend on a macro scale.

The upper boundary of the channel ranges from $0.06–$0.08, marking potential resistance for future rallies. Weekly candlesticks frequently touch these boundaries, reinforcing the pattern of steady accumulation. Price movements within the channel remain orderly, indicating controlled market behavior.

Volume behavior further supports the consolidation pattern. Spikes in trading volume coincide with bounces off support and strong rallies, while the current low-volume phase reflects absorption. This indicates that buyers are present but gradually increasing their positions without forcing sharp upward moves.

Key Support Levels

A critical support zone between $0.010–$0.012 has acted as both resistance and support in prior weeks. Recent candles show long lower wicks, reflecting strong buying pressure at this mid-channel area. The zone aligns with internal channel support, providing a base for potential upward movement.

Crypto Mullah tweeted that “$JASMY is consolidating within the ascending channel formation on the weekly timeframe. A new uptrend may start if we bounce from the support zone.” This suggests that market participants are watching for a bounce as a trigger for continued gains.

The repeated validation of the support zone demonstrates confidence among holders. Falling exchange reserves indicate that investors are not selling, hinting at accumulation. Every minor dip appears to attract buyers rather than trigger panic, supporting the consolidation narrative.

Price Projection and Market Behavior

If $JASMY successfully bounces from the $0.010–$0.012 support, the next mid-channel target may reach $0.020–$0.022. Beyond that, the upper channel boundary around $0.06–$0.08 could serve as a medium-term price objective. Green arrows on charts illustrate potential price movement along this trajectory.

Steady accumulation during consolidation suggests that holders are maintaining positions even amid minor fluctuations. Price stability combined with falling exchange reserves points toward a gradual buildup of demand.

Market attention remains subdued, allowing $JASMY to quietly consolidate. Investors observing the weekly chart may view this period as a preparatory phase for future trend continuation. Historical patterns indicate that consolidation within an ascending channel often precedes extended upward moves.

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