JASMY Set for Breakout? Analyzing Key Levels and Momentum

JasmyCoin (JASMY) has been in a downtrend but has recently started to recover. There are two red trend lines indicating an ascending channel, suggesting a potential continuation of the uptrend if the price stays within this channel.

Support Levels:
0.01250
0.01724 to 0.01720
0.00828
0.00306

Resistance Levels:
0.02379
0.03450
0.05012

Price Movements:

The current price is 0.0221.
- The price recently bounced from around 0.01724 and is now facing resistance at 0.02379
- If it breaks above 0.02379, the next resistance is around 0.03450 and potentially 0.05012

There is a noticeable increase in volume during the price recovery, indicating strong buying interest.

Bullish Scenario:

- If the price breaks and closes above the 0.02379 resistance level, it could target the
0.03450 resistance and potentially reach 0.05012 if the bullish momentum continues.
- The ascending channel suggests that as long as the price stays within this channel, the uptrend is intact.

Bearish Scenario:

- If the price fails to break the 0.02379 resistance and falls below 0.01724, it might test the lower support at 0.01250 and possibly 0.00828.
- The stochastic oscillator's behavior should be monitored for potential bearish crossovers that could signal a downturn.