- Altcoin JASMY prepares for next wave out of inverse head and shoulders pattern.
- This could propel JASMY price up to the $3 and above price range.
- Several altcoins continue to show strong bullish indicators.
The crypto market hits a snag, as reputed crypto analysts argue over what is expected next for crypto prices. Presently, the consensus is on BTC price possibly dropping to 5-digit prices in a market correction before a final explosive price surge. In response, altcoin prices are expected to shoot to new ATH prices in Q4, ushering in altseason, and altcoin JASMY prepares for next wave out of inverse head and shoulders pattern to $3 price target.
Altcoin JASMY Prepares for Next Wave Out of Bullish Pattern
Several crypto analysts have been trying to pin down which altcoins could have the most promising bull pumps in the altseason phase of this ongoing bull cycle. This is an interesting take, as some see the price pumps of an altcoin to be impressive, while others look at how many new ATH prices have been set. So what makes an altcoin pump more impressive, new ATH targets, or the number of times it pumps?
This long-awaited altseason for the ongoing bull cycle has left altcoin traders in a state of anxiety and desperation on the negative side, and in a state of excitement and bottled euphoria on the positive side. Presently, expectations for altseason bull peak phase to arrive is stronger than ever as we near the final quarter of the year, and a few reputed analysts are calling for the end of Bitcoin’s bull pump.
Meanwhile, altcoins haven’t even begun to run. So far, only a handful of altcoins haven’t set new ATH prices this bull cycle. To highlight, FET, ONDO, and SUI set new ATH prices last year, while SOL, BNB, and ETH went on to set new ATH prices this year. The fact that the pioneer altcoin, Ethereum (ETH) , has just set its first ATH this bull cycle is a clear indicator that altseason’s pump has yet to begin.
Pumps vs ATH Targets for Altcoins
At the moment, the crypto community waits with baited breath to see the price of ETH reclaim its previous ATH price in the $4,900 price range and reenter the rice discovery phase once again. This move will send other promising altcoins to hit new ATH prices of their own. On the flip side, some altcoins might not set new ATH targets in the peak phase, but their price pumps could still bring significant gains to their holders.
As we can see from the post above, this asset includes the altcoin JasmyCoin (JASMY) . The analyst in the post above states that JASMY’s next wave up is still projected to break prices out of the massive Inverse Head Shoulders pattern as shown in the image accompanying the post. This move will likely spark an even larger reversal towards the $3 bull target and possibly higher, maybe even the asset’s previous ATH price in the $4 price range.
