Market Sentiments Turn Bullish on XDC, JASMU & ALGO Prices; A Strong Rebound is on the Horizon
The cryptocurrency market is grappling with recent losses after experiencing a significant correction. Bitcoin price surged above $94,000 and remained above that level, reinforcing the bullish momentum in the market. Meanwhile, trader sentiment has become more positive on some altcoins such as XDC, JASMY, and ALGO, suggesting that a strong bullish move may be on the horizon.
XDC Network (XDC) Price Analysis
XDC Network has soared more than 50% since the start of 2025, and the recent pullback has done little to impede the advance. This may be why market participants are bullish on the coin, with positive sentiment rising to over 91%. The coin has recovered yesterday’s losses, hinting at possible gains in the coming days.
this XDC price It has been printing a large number of bullish candles since the beginning of the year, with the recent bounce ending a long-term downtrend. The MACD shows declining buying pressure and a bearish crossover is about to form. However, the MACD line shows bullish divergence, suggesting that it may break away from the bearish influence and move higher. Furthermore, the coin has reclaimed 0.786, which opens the door to reaching 1 FIB to $1.07. Once the price stabilizes above $1, the strong rise is likely to continue, helping the price remain intact during the discovery phase.
JasmyCoin (JASMY) Price Analysis
Positive sentiment on JasmyCoin also surged to over 91%, indicating that market participants are wary of price action. Meanwhile, the coin fell into a descending triangle and triggered a strong rebound after touching the support zone. However, the technical picture shows a trend of diversification, which also hints at potential horizontal consolidation.
As seen in the chart above, the price is trying to rise above the support area between $0.030 and $0.031. The RSI is trying to validate the bullish divergence, while the OBV is trying to maintain the uptrend. At the same time, the RSI formed successive lower highs and lows, and the OBV suggests it experienced a mirror bounce in June-July 2024. Therefore, this week could be crucial for the price as a breakout of the pattern to $0.0 could invalidate it. Bearish trajectory.
Algorand (ALGO) Price Analysis
After rising 450% since November 2024, Algorand price has seen a minor correction and has subsequently consolidated sideways. Despite the bearish action, bullish sentiment on the coin remains at around 91.2%, suggesting that bulls may be preparing for the next price move. Meanwhile, the price is forming a bullish pattern, so a breakout could push the coin above $0.55, paving the way for further gains. algorithmic price reaches $1.
The latest rally has increased the likelihood of a triple bottom pattern forming, which is considered extremely bullish. The trend is still up and the trading volume is still incremental, indicating that bulls have enough attention on the coin. The RSI is trading horizontally in an attempt to validate a bullish divergence, which could push the price towards the resistance zone between $0.32 and $0.328. If ALGO price manages to break out of this range, a rise to 0.786 FIB ($0.5) is imminent, which could further boost the levels to 1 FIB and 1.2 FIB ($0.61 and $0.75).
