JASMY Enters Third Falling Wedge Pattern as Technical Analysts Track Potential Breakout Setup
The post JASMY Enters Third Falling Wedge Pattern as Technical Analysts Track Potential Breakout Setup appeared on BitcoinEthereumNews.com.
TLDR: JASMY completes third falling wedge pattern with two prior formations resulting in sharp upward rallies. JasmyCoin trades at $0.006085 with 1.44% daily gain and 3.67% weekly increase on modest trading volume. Symmetrical triangle formation shows price rebounding from support with 100MA acting as key resistance. Technical compression suggests potential breakout approaching though pattern validation requires sustained move. JasmyCoin (JASMY) has entered its third falling wedge formation, drawing attention from technical analysts monitoring the cryptocurrency’s price action. The token trades at $0.006085 as of writing with a 24-hour trading volume of $9,066,900. This marks a 1.44% gain over the past day and a 3.67% increase during the previous week. Market observers note JASMY has successfully broken out from two similar patterns previously, each resulting in upward price movements. The cryptocurrency now approaches sub-penny levels while consolidating within the wedge structure. Technical Pattern Suggests Compressed Price Action The falling wedge pattern represents JASMY’s third occurrence of this technical formation on recent charts. Crypto analyst JavonMarks highlighted the setup on social media, pointing to two previous instances where similar patterns preceded upward breakouts. The first wedge breakout triggered an extended rally marked by substantial gains. A second formation later delivered another sharp price surge following its resolution. $JASMY in the areas of another Falling Wedge breakout! pic.twitter.com/JDkGh3EYZB — JAVONMARKS (@JavonTM1) December 28, 2025 The current wedge shows price compression through declining highs and lows within converging trendlines. This behavior typically indicates diminishing selling pressure as the pattern reaches its apex. Volume characteristics and the tightening range suggest the market may be approaching a decisive move. However, the direction of that move remains uncertain until price action confirms a breakout. Past performance of the pattern does not guarantee future results, despite historical precedent. Technical formations can fail to deliver expected outcomes, requiring traders…
Filed under: News - @ December 28, 2025 4:25 pm