JasmyCoin has been experiencing significant downward pressure recently, but analysts suggest this correction may be over. Quantum Ascend, a prominent crypto analyst on X, believes the current trend is pointing toward a bullish breakout. His analysis utilizes chart patterns that indicate an A-B-C corrective structure. This structure culminated in a final C wave resting on the 0.618 Fibonacci retracement level – a common indicator of potential market rebounds in crypto. Further evidence supporting this breakout can be seen as the JASMY price aligned with Medium Wave 2’s bottom zone, signifying market shifts upward. Quantum Ascend forecasts a near-term relief rally, anticipating resistance between $0.018 and $0.020. A successful break above this level could pave the way for a significant bullish wave. Quantum Ascend himself has allocated 25% of his portfolio to JasmyCoin, highlighting the potential of this token’s upside.