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:
- 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.
- 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.