JASMY Price Gears Up for an Explosive Surge Having Completed a Bullish Cup and Handle Pattern Formation

• Bitcoins bullish new 6-digit ATH pushes altcoins into bullish indicators.
• Altcoin JasmyCoin reacts bullishly to BTC latest ATH.
• JASMY price completes cup and handle formation indicator major uptrend.

Bitcoin surpassed the $100,000 price target expectation and set a new ATH at $103,900.47 giving altcoins a healthy spur in bullish activity. With an earlier-than-expected start to altseason, several popular altcoins have begun to pump at an exceptional rate while other capable altcoins are showing strong indicators for a significant surge ahead.

Altcoins Follow Bitcoins Bullish Lead

Presently, the price of BTC has dipped a little and is hovering at the $102,500 price range. Meanwhile, altcoins like DOGE and ETH, pioneer memecoin and altcoin assets have already begun to pump. Analysts have noticed that these assets have broken out of a bull flag and will likely see a significant rise in the days ahead.

Another popular altcoin that has just broken out of a bullish formation is JasmyCoin (JASMY). To many analysts, it is no surprise that JASMY, the asset known as the Bitcoin of Japan is experiencing bullish activity after Bitcoins latest ATH. In detail, JASMY price has just broken out of a bullish Cup and Handle pattern.

JASMY Prepares for Phenomenal Bull Pump

By consulting TradingView analytics, it seems that JASMY is indeed preparing for an explosive uptrend. The altcoin is currently at the $0.042 price mark and is set to pump heavily towards the $0.3 price target signifying what could be an almost 10x pump for the price of JAMSY.

It's almost happening guys

A break above $0,045 will send #Jasmy to the moon

— STEPH IS CRYPTO (@Steph_iscrypto) December 5, 2024

Furthermore, the JASMY/USDT price chart points to a cup and handle neckline resistance, preparing for a breakout. This formation took about 1,000 days to come into alignment and once the price breaks above the neckline on the weekly chart, JASMY holders could welcome a pump of 200% or even over 600% in the coming days.