JASMYUSDT just broke out of its falling channel, with strong volume despite it being a weekend move, and is attempting to reclaim the previous support zone around $0.016.Observations
• Second clear breakout from a descending structure in the last year.
• Good volume spike backing the move — first meaningful demand since the December peak.
• Attempt to reclaim the $0.016 support zone, which had acted as a base throughout 2024.
Key levels
• A daily close above the resistance would confirm the breakout.
• Holding above ~$0.016 would be an even stronger bullish sign.
• Next major resistance at $0.041-$0.045 from the previous supply zone.
• Watch the 1-year EMA above $0.021 as a potential shorter-term resistance.
If momentum continues, this could be the start of a larger trend reversal, with $0.041 as the first upside target.
Trade active
Breakout confirmed, and retest is in.Further confirmation would be continuation outside of the demand zone, above $0.018, while invalidation would be a break back below resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.