Crypto prices will be in the spotlight this week as investors focus on the upcoming Federal Reserve interest rate decision and Donald Trump’s tariffs. Hopes that the Fed will embrace a more dovish tone will be a bullish catalyst for these assets. This article looks at some of the top-performing cryptocurrencies like JasmyCoin (JASMY), Polkadot (DOT), and Toncoin (TON).
Jasmy price prediction
Jasmy price has been in a steep downward trend in the past few months, mirroring the performance of other cryptocurrencies. After peaking at $0.05930 in December last year, it has plunged to a low of $0.0110.
It recently dropped below the critical support level at $0.01545, its lowest swing in 2024. Most importantly, the coin has remained below the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bears are in control.
JASMY price has formed a falling wedge chart pattern, which is characterized by two falling and converging trendlines. These two lines are now nearing their convergence lines.
Additionally, the Relative Strength Index (RSI) has formed a descending channel, a sign that the downtrend is continuing. However, it is about to move above the upper side of the descending channel.
Therefore, the JASMY price will likely have a strong bullish breakout, with the next point to watch being at $0.02530, the highest swing in September last year. A crash below the support at $0.0110 will invalidate the bullish view.
Read more: Jasmy price analysis as crypto pro sees a 1000% jump
Polkadot price analysis
Polkadot price has been in a strong downtrend in the past few months. It retreated from a high of $11.90 in November to a low of $4.40.
DOT price remains in a rectangle pattern, whose upper side is at $11.90. There are signs that the coin has moved to the accumulation phase of the Wyckoff Theory. This phase is usually followed by the markup period, which is characterized by higher demand than supply.
Polkadot price has also formed a falling wedge chart pattern, which is made up of two descending and converging trendlines. The two lines are now nearing their confluence, pointing to a strong rebound.
A rebound may see it jump to the next resistance point at $11.89, up by about 207% from the current level. A move above that level will point to further gains, possibly to the 38.2% Fibonacci Retracement point at $23.78, which is about 512% above the current level.
The main fundamental catalyst for the DOT price will be the upcoming Polkadot 2.0 upgrade that will introduce more features to the network.
Read more: Polkadot price predictions: 4 reasons DOT token may surge soon
Toncoin price forecast
TON price has been in a strong downtrend in the past few months, moving from a high of $8.3 in 2024 to a low of $2.3 this year. This crash happened as its ecosystem imploded, with the once-popular tap-to-earn tokens like Hamster Kombat (HMSTR), Notcoin (NOT), and DOGS being shadows of their former selves.
Toncoin price has plunged below the important support level at $4.45, the lowest swing in September and November last year. It also formed a death cross pattern as the 50-day and 200-day moving averages crossed each other. The token has also crashed below the 61.8% Fibonacci Retracement level.
Therefore, the ongoing TON price rebound may be a dead cat bounce, signaling a potential retreat in the coming days. The other scenario is where the coin rebounds and hits the resistance at $4.45 and then resumes the downtrend.
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