The post Market Sentiments Turn Bullish on XDC, JASMU & ALGO Prices; A Strong Rebound is on the Horizon appeared first on Coinpedia Fintech News
After witnessing a notable pullback, the crypto markets are trying hard to cope with the recent losses. The Bitcoin price surged back above $94,000 and is sustaining above the levels, increasing the bullish momentum within the markets. In the meantime, the trader’s sentiments over some altcoins like XDC, JASMY, & ALGO have become more positive, which suggests a strong bullish move could be on the horizon.
XDC Network (XDC) Price Analysis
XDC Network surged by over 50% since the start of 2025 and the recent pullback does not have hindered the progress of the rally. This could be the reason that the market participants are bullish over the token, with the positive sentiments rising above 91%. The token has recovered yesterday’s losses, hinting towards a potential upswing in the next few days.
The XDC price has been printing massive bullish candles since the start of the year and the latest rebound has halted an extended descending trend. The MACD showed a drop in the buying pressure and was about to undergo a bearish crossover. However, the MACD line has displayed a bullish divergence, suggesting a potential rise from the bearish influence. Besides, the token has reclaimed 0.786, which has opened the doors to reach 1 FIB at $1.07. Once the levels secure above $1, a strong upswing may keep up, helping the price to remain intact within the discovery phase.
JasmyCoin (JASMY) Price Analysis
The positive sentiments of JasmyCoin have also surged above 91%, suggesting the market participants remain vigilant over the price action. Meanwhile, the token is stuck within a descending triangle and, after hitting the support zone, has triggered a strong rebound. However, the technicals suggest a diverse trend, which also hints towards a potential horizontal consolidation.
As seen in the above chart, the price is trying to rise above the support zone between $0.030 and $0.031. The RSI is trying to validate a bullish divergence and OBV is trying to keep up the upswing. Meanwhile, the RSI has formed consecutive lower highs and lows and the OBV suggests a mirror rally that it underwent back in June-July 2024. Hence, the current week could be pivotal for the price, as a breakout from the pattern to $0.0 may invalidate the bearish trajectory.
Algorand (ALGO) Price Analysis
After a 450% rise since November 2024, the Algorand price faced a slight pullback followed by a horizontal consolidation. Despite the bearish actions, the bullish sentiments over the token remain around 91.2%, suggesting the bulls could be gearing up for the next price action. Meanwhile, the price is forming a bullish pattern and hence a breakout could push the token above $0.55, paving the way for the ALGO price to reach $1.
The latest rebound has raised the possibility of forming a triple bottom pattern, which is believed to be extremely bullish. The trend remains ascending and the volume remains incremental, suggesting enough attention from bulls over the token. The RSI trades horizontally, trying to validate a bullish divergence, which may push the price towards the resistance zone between $0.32 and $0.328. If the ALGO price manages to pierce beyond the range, then a rise to 0.786 FIB at $0.5 is imminent, which could further elevate the levels to 1 FIB & 1.2 FIB at $0.61 and $0.75.
