Jasmycoin is rising nearly 20%. What is driving the surge?

Data tallied from CoinMarketCap shows that it is tied to the Internet of Things (IoT) and blockchain data management, a Japanese-based cryptocurrency (IoT) and blockchain data management, and has skyrocketed nearly 20% in the past 24 hours, peaking at around $0.0165.

This dramatic rise has attracted attention from crypto enthusiasts and analysts, and trading volumes have skyrocketed as prices rise.

The rally coincides with broader market optimism following President Donald Trump’s 90-day tariff suspension announced earlier this week, but the specific catalysts for Jasmicoin’s profits are under scrutiny.

X experts reflect a surge in bullish sentiment, with traders looking at breakouts and declining supply from recent patterns.

According to Godex.io, Jasmycoin, an ERC-20 token with up to 50 billion coins, ranks 124th in terms of market capitalization. Its usefulness lies in enabling secure data sharing through IoT devices. This is a vision supported by a list of major exchanges such as Binance and Coinbase.

Current prices show a large rebound from the 12-month low of nearly $0.012, as reported by Chaingptainnews on April 10, 2025.

Analysts suggest that the rise could reflect new investors’ trust in niche altcoins in the stabilizing crypto market, but the lack of official company statements leaves room for speculation.

Technical breakouts and market contexts are fueled by optimism

The price rise is consistent with the technology developments noted by traders. Experts show that Jasmycoin broke the pattern of the descending triangle on the 3-day chart. This is a bullish signal that suggests the possibility of further benefits.

Technical analysis highlights the low height and low value patterns at the top, with the top trendline acting as a resistance and the low trendline as support.

As @decilizer proposed on April 11, 2025, moves above $0.016 could target $0.058, but this depends on sustained momentum. Current support is nearly $0.013, and it offers the foundation for the rally at a recently tested level.

Market-wide factors could also contribute. Trump’s suspension of tariffs eased tensions with China and lifted risky assets, including cryptocurrency.

The record high for gold on April 11 was $3,194.20. It reflects safe demand amidst tariff uncertainty and could ripple over altcoins like Jasmi Coin.

However, Crypto Market’s volatility, which clarifies that 4% of Bitcoin had dropped to $79,158.62 on April 9, suggests caution.

Jasmycoin’s profits outweigh this trend, hinting at project-specific drivers that may be tied to the IoT narrative that gains traction in Japan’s technology sector.

Price forecasts and future outlook

Analysts are providing a variety of forecasts in the future.

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

Experts have shown that the potential short-term target is $0.058 if the breakout is held, but resistance at a higher level can make a profit.

Select labels Jasmycoin are the top picks for the 2025 Bull Run.

However, the inevitable growth establishment narrative should be raised questionable. This is the expectation of for-profit volatility and limited mainstream adoption temperament.

The sustainability of a rally depends on several factors. The increased volume of X’s trading volume and positive sentiment suggests greater community support, but it is still possible without official updates from Jasmy or the wider market stability.

Investors should monitor technology levels, particularly $0.0165 resistance, and global trade development.

If momentum continues, Jasmycoin can test $0.02 to $0.03 over the next few weeks, but if it falls below $0.013, it could show a reversal. For now, Jasmycoin, a rising position of nearly 20%, holds a position as a standout performer in today’s crypto landscape.