- Bitcoin recently set a new ATH giving altcoins the chance to rally.
- Analyst sees JASMY price nearing a critical support zone.
- He believes bulls have an opportunity to regain control and push for a price breakout.
Bitcoin recently set a new ATH at $109,114.88 before retracing to a bullish sideways movement in the 6-digit price range. As BTC price fluctuates between $101,000 and $109,000, analysts are slowly shifting sights to altcoins to find and accumulate what could be the most bullish altcoins in this bull cycle.
Time for Altseason Peak to Arrive?
So far, many popular altcoins have caught the spotlight. While some altcoins have gone on to set new ATHs of their own like SUI and ONDO, others have seen spectacular price pumps like VET, XRP, and VTHO. Similarly, analyst are trying to accumulate the most promising altcoins for this cycle before altseason arrives.
Historically, the peak of the altseason has always arrived in Q1 following a Bitcoin Halving year. This period has arrived once again and analysts are preparing to reap massive gains from their most promised bullish altcoins. One such bullish altcoin is the asset known as the Bitcoin of Japan, JasmyCoin (JASMY).
JASMY Nears Critical Support Zone
Based on the chart above, one analyst notices how JASMY/USDT is near a critical support zone with a robust demand zone established around $$0.02800 – $0.02550. He concludes that as long as the price holds above this demand zone, the bullish structure remains intact and a bounce from these levels would offer bulls another opportunity to regain control and attempt a breakout.
The post JASMY Nears Critical Support Zone Offering Bulls an Opportunity to Regain Control and Push Price Breakout appeared first on Cryptonewsland.
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