JasmyCoin soars nearly 20%: what’s driving the surge?

JasmyCoin (JASMY), the Japan-based cryptocurrency tied to Internet of Things (IoT) and blockchain data management, has surged nearly 20% in the past 24 hours, reaching an intraday peak of approximately $0.0165 as of early Saturday morning, according to data aggregated from CoinMarketCap.

This dramatic rise has captured the attention of crypto enthusiasts and analysts, with trading volume spiking alongside the price increase.

The rally coincides with broader market optimism following US President Donald Trump’s 90-day tariff pause announced earlier this week, though specific catalysts for JasmyCoin’s gains remain under scrutiny.

Experts on X reflect a surge in bullish sentiment, with traders noting a breakout from recent patterns and diminishing supply.

JasmyCoin, an ERC-20 token with a maximum supply of 50 billion coins, ranks 124th by market capitalization, per Godex.io. Its utility lies in enabling secure data sharing through IoT devices, a vision supported by listings on major exchanges like Binance and Coinbase.

The current price marks a significant rebound from a 12-month low near $0.012, as reported by ChainGPTAINews on April 10, 2025.

Analysts suggest this uptick may reflect renewed investor confidence in niche altcoins amid a stabilizing crypto market, though the lack of official company statements leaves room for speculation.

Technical breakout and market context fuel optimism

The price rise aligns with technical developments noted by traders. Experts indicate JasmyCoin has broken a descending triangle pattern on a 3-day chart, a bullish signal suggesting potential for further gains.

Technical analysis highlights a pattern of lower highs and lows, with the upper trendline acting as resistance and the lower trendline as support.

A move above $0.016 could target $0.058, as @decilizer suggested on April 11, 2025, though this depends on sustained momentum. The current support is near $0.013, a level recently tested, and provides a foundation for the rally.

Market-wide factors may also contribute. Trump’s tariff pause, easing tensions with China, has lifted risk assets, including cryptocurrencies.

Gold’s record high of $3,194.20 on April 11 reflects safe-haven demand amid tariff uncertainty, potentially spilling over into altcoins like JasmyCoin.

However, the crypto market’s volatility—evidenced by Bitcoin’s 4% drop to $79,158.62 on April 9 suggests caution.

JasmyCoin’s gains outpace this trend, hinting at project-specific drivers possibly tied to its IoT narrative gaining traction in Japan’s tech sector.

Price predictions and future outlook

Looking ahead, analysts offer varied forecasts.

Godex.io suggests JasmyCoin could reach $0.11-$0.13 by 2030, with a minimum of $0.12, based on long-term growth in IoT adoption.

Experts indicate a potential short-term target of $0.058 if the breakout holds, though resistance at higher levels could cap gains.

Some label JasmyCoin a top pick for the 2025 bull run.

However, the establishment narrative of inevitable growth should be questioned—past volatility and limited mainstream adoption temper expectations.

The rally’s sustainability hinges on several factors. Increased trading volume and positive sentiment on X suggest growing community support, but without official updates from Jasmy or broader market stability, a pullback remains possible.

Investors should monitor technical levels, particularly $0.0165 resistance, and global trade developments.

If momentum persists, JasmyCoin could test $0.02-$0.03 in the coming weeks, though a drop below $0.013 might signal a reversal. For now, the nearly 20% rise positions JasmyCoin as a standout performer in today’s crypto landscape.