Jasmy to rally to between $0.35-$0.50 at the peak of bull cycleJasmy token has been caught between 2 pivot zones. The price is currently in the support zone between $0.008 and $0.012 . This zone must be defended on a weekly closing basis.
To the upside is resistance between $0.048 and $0.07. Breaking above this resistance, on a weekly closing basis, will likely result in Jasmy pumping up to test the 100% Fib retracement at $0.35 and target 2 at $0.50 . Both targets are over 100x from the 2022 bear market bottom at $0.00273. At a price of $0.35, the FDV market cap will be $17.5 billion.
In order to resume the bull market,
Bitcoin and Ethereum must reach new ATH. Altcoins will follow.
Global M2 money supply has recently hit ATH. This is bullish for crypto.
Tariff fears will subside. Nations will make deals with the US and tariffs may be dialed back.
The federal reserve tentatively plans to cut rates 2 times in 2025.
4 sentiment metrics show historic levels of fear, which have resulted in major market bottoms. When too many people think the same thing, price likely reverses to the other direction.