Introduction
The rapid evolution of the cryptocurrency market continues to present new opportunities and challenges for investors and industry leaders. As blockchain technology advances, key developments such as regulatory policies and strategic initiatives shape the future of digital assets. The recent announcement by U.S. President Donald Trump regarding the establishment of a strategic crypto reserve has sparked significant momentum in the altcoin sector. This article explores how this development has influenced IoT-focused tokens, particularly IOTA and JASMY, and what it could mean for their future price movements.
The cryptocurrency market has experienced a strong surge in recent hours, driven by U.S. President Donald Trump’s announcement of the establishment of a strategic crypto reserve, including assets like BTC, ETH, ADA, XRP, and SOL. This announcement has fueled momentum across the altcoin market, drawing attention to two IoT-focused tokens, IOTA and JASMY. IOTA has surged over 25%, confirming a key breakout. In contrast, JASMY has gained 8%, hinting at a potential similar move.
IOTA Analysis
IOTA has successfully broken out of a long-standing falling wedge pattern that had suppressed its price movement for weeks. Today, the token surpassed the wedge’s upper trendline, leading to an initial price spike to $0.31 before undergoing a correction for a retest.
Currently, IOTA is trading at $0.25, consolidating at a crucial breakout retest zone. If this level holds as support, the next upside targets are $0.31 and $0.41, representing an additional 66% price increase from current levels.
The 200-day moving average (MA) at $0.2256 played a key role in confirming the breakout. With bullish market sentiment strengthening, IOTA could be poised for further gains.
JasmyCoin (JASMY) Analysis
JASMY appears to be mirroring IOTA’s earlier pattern, trading within a falling wedge since its rejection at $0.05980 on December 5. The token recently rebounded from a critical support level near $0.016 and is now testing the upper resistance of the wedge, currently trading at $0.019.
If JASMY confirms a breakout with a successful retest, its next major resistance levels are the 50-day moving average (MA) and the $0.025 price zone. A strong move past this region could pave the way for a rally toward $0.034, representing a potential 78% upside from the current price.
Conclusion
IOTA’s confirmed breakout signals a bullish continuation, while JASMY seems to be on the verge of following suit. If JASMY manages to break through its resistance levels, traders could witness significant gains in the coming days.
With the strategic crypto reserve announcement sparking renewed interest in altcoins, IoT tokens like IOTA and JASMY could be among the next major movers in the market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
