Date: Sun, April 13, 2025 | 07:50 AM GMT
After facing the Black Monday, the cryptocurrency market is beginning to shift gears into recovery mode since Wednesday after U.S. President Trump’s announcement of a 90-day pause on tariffs — a move that has lifted investor sentiment.
Among the altcoins leading the recovery charge, Jasmycoin (JASMY) has emerged as a standout performer, posting a staggering 63% gain in just seven days. Meanwhile, VeChain (VET) is also starting to shine with a 6% gain and appears to be tracing a similar technical path to JASMY.
Source: Coinmarketcap
Jasmycoin (JASMY) and VeChain (VET) Analysis
The left side of the chart shows Jasmycoin’s impressive move, which was catalyzed by a clean breakout from a long-standing falling wedge pattern—a bullish reversal formation often preceding strong price recoveries. On April 11, JASMY broke above the wedge structure, and yesterday it decisively cleared the 50-day moving average (MA), which pushed its price up by 16%. It now sits with a 35% total gain since the breakout began.
Now, the price is moving towards the next key resistance at the 100-day MA and the $0.022 price zone, which is still 40% higher from the current level. If JASMY can maintain momentum, that zone will be a crucial area to watch for either a pause or continuation of the rally.
On the right side of the chart, VeChain (VET) appears to be following in JASMY’s footsteps. VET broke out of its own falling wedge formation on April 09, signaling the early stages of a potential bullish reversal. It is now knocking on the door of the 50-day MA resistance, which mirrors the exact point where JASMY launched its breakout move.
If VET successfully clears the 50-day MA as JASMY did, the next upside target would likely be the 100-day MA and the overhead resistance zone around $0.03649. That price level represents a potential 56% gain from where VET currently trades. With momentum building and market sentiment shifting bullish, traders are closely watching to see if history repeats itself.
What’s Next?
The price action of Jasmycoin has given the market a blueprint for what a successful reversal can look like following a prolonged downtrend. VeChain now stands at a similar technical crossroads. If it can replicate JASMY’s breakout structure and maintain strong volume, a significant rally could be on the horizon.
Both tokens are demonstrating classic reversal setups on the daily timeframe, with the MACD indicators also curling upward, hinting at strengthening bullish momentum. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research and assess your risk tolerance before investing in cryptocurrencies.
