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2 Under $1 Cryptocurrencies To Buy For Struggling Crypto Portfolios

Release: 2024/06/07 03:02 Reading: 697

Original author:Coingape News Media

Original source:https://coingape.com/?post_type=markets&p=200947

2 Under $1 Cryptocurrencies To Buy For Struggling Crypto Portfolios

Potential Cryptocurrencies for Struggling Portfolios

With June marking the end of the first half of the year, investors are assessing their portfolio performance and outlook. Here are a few cryptocurrencies that could be considered for portfolios seeking stability:

  1. JasmyCoin (JASMY)

JASMY has been trending upward, establishing higher highs and remaining above key moving averages. Support is building around the 0.5 Fibonacci retracement level.

Technical Analysis:

  • Short-term support: $0.0372
  • Resistance: $0.042, $0.049, $0.059, $0.064
  • Potential retracement: 23%

Investors should be aware of potential concerns regarding a significant pullback.

  1. Pepe Coin (PEPE)

Meme coins have gained momentum, with whales driving market activity. Pepe has formed an ascending triangle pattern, suggesting a potential 15% price increase if validated.

Technical Analysis:

  • Ascending triangle pattern
  • Potential target: 15% price increase

Whales can contribute to volatility, so investors should proceed with caution.

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