Jupiter (JUP) and JasmyCoin (JASMY) Approaches Falling Wedge Resistance – Could Breakout Spark a Recovery?

Date: Wed, March 26, 2025 | 07:58 AM GMT

The cryptocurrency market is showing strong signs of a rebound, with Bitcoin (BTC) and Ethereum (ETH) gaining 6% and 7% over the past seven days—a promising shift after a rather choppy start to March. As overall sentiment slowly begins to shift in a more positive direction, altcoins like Jupiter (JUP) and JasmyCoin (JASMY) are starting to show upside momentum.

Both tokens had been under heavy pressure over the past few months, but current gains and technical setups hint at a potential recovery brewing on the horizon.

Source: Coinmarketcap

Jupiter (JUP) Analysis

JUP’s daily chart shows a falling wedge formation—a bullish reversal pattern—that began after the token was rejected from its January 26 high of $1.26. Since then, JUP has undergone a prolonged correction, losing over 64% of its value and hitting a low of $0.44 on March 11, where bulls stepped in to defend support.

Jupiter (JUP) Daily Chart/Coinsprobe (Source: Tradingview)

Since then, JUP has rebounded to near $0.57 and is now approaching the upper boundary of the wedge, as well as the 25-day moving average (MA). If the price breaks out and holds above this resistance with a successful retest, JUP could aim for the 100-day moving average and the $0.86 zone—representing a potential 54% rally from current levels.

The Moving Average Convergence Divergence (MACD) is showing early signs of bullish momentum

JasmyCoin (JASMY) Analysis

JASMY has also been trading within a falling wedge pattern since hitting a peak of $0.059 on December 6. The continued downtrend dragged the price down to $0.011, aligning perfectly with the pattern’s support, where buyers have recently begun accumulating.

JasmyCoin (JASMY) Daily Chart/Coinsprobe (Source: Tradingview)

Now trading at $0.013, JASMY and testing the wedge’s upper boundary. A breakout and successful retest could see the token challenge its first major resistance at the 50-day moving average (MA). If it manages to flip this level into support, the next resistance lies at the $0.025 mark, followed by the 100-day MA, representing a 92% upside from current prices.

The MACD for JASMY is currently flat but appears to be gearing up for a bullish crossover.

What’s Ahead?

With the overall crypto market sentiment improving, both JUP and JASMY are approaching critical breakout levels. The falling wedge formations in both charts suggest that the downtrend may be nearing its conclusion. A confirmed breakout above their respective resistance levels could trigger strong recovery rallies in the coming weeks.

Investors should keep a close eye on volume and key moving averages to confirm whether these potential breakouts gain traction or face further consolidation.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

Also Read: WLD and CRV Approach Key Resistance – Are Major Breakouts on the Horizon?