Bullish Divergence on JASMY Signals Trend Reversal

• JASMY shows bullish divergence between price and MACD.
• Pattern hints at weakening selling momentum.
• Possible trend reversal from bearish to bullish.

MACD Hints at Bullish Turn for JASMY

The popular altcoin JASMY is showing signs of life again, as a bullish divergence appears on its MACD indicator—a classic signal that a trend reversal could be near. While the token’s price has been sliding, the MACD (Moving Average Convergence Divergence) is climbing, hinting at waning bearish momentum.

This kind of divergence is often interpreted as a sign that selling pressure is decreasing, and that the bulls may be preparing for a comeback. Traders and analysts are closely watching the charts for confirmation, as this could mark the start of a potential upward breakout.

Understanding Bullish Divergence

A bullish divergence occurs when an asset’s price reaches new lows, but the MACD indicator—or other momentum tools—starts trending upward. This separation between price and momentum often signals that the market is losing bearish strength, paving the way for a bullish reversal.

In JASMY’s case, the divergence is becoming increasingly pronounced. Despite recent declines, MACD is forming higher lows, suggesting that buyers are starting to step in quietly, absorbing the sell pressure and possibly preparing for a reversal move.

Is a Rebound Imminent?

While no technical pattern guarantees results, bullish divergences are widely respected in the crypto trading world. If JASMY holds its current support zone and volume starts to pick up, this divergence could be the catalyst for a bullish trend reversal.

Traders should keep an eye on price action and confirmation candles in the coming days. If the MACD crossover follows with a surge in buying volume, JASMY might be ready to retest previous resistance levels.