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2 Cryptocurrencies to Buy for a Struggling Crypto Portfolio
Every investor would be concerned about the position and performance of their portfolios now that we are in June, the last month of the first half of the year. It’s a good time to assess the market outlook and possibly consider portfolio rebalancing. This article will investigate potential cryptocurrencies buy primarily for investors with portfolios struggling to stay afloat.
1. JasmyCoin (JASMY)
JASMY Price has been reaching higher highs in the last 10 days and may soon see a pullback. However, the price is still trending above the 50-day and 200-day simple moving averages (SMA), and strong support is forming around the 0.5 Fibonacci retracement level. JASMY price rose and recorded a new high of $0.0425 before correcting by 8%.
On the 30-minute chart, JASMY price is currently resting at the top of the range ($0.0372) from which it previously broke out. If price action falls below this level, it could return to the range.
Furthermore, below the range, the 0.5 Fibonacci retracement level coincides with a yet-to-be-filled fair value gap (FVG), confirming the possibility of a 23% retracement from the current price. On the other hand, bulls can still compete to push the price higher, targeting $0.049, $0.059, and $0.064. They may encounter some weak resistance around the $0.042 area.
JASMY price may recover after the impending pullback, but investors in the crypto community are apprehensive about a significant pullback for the coin. JasmyCoin’s surge occurred following a misunderstanding over Apple’s recent announcement regarding the integration of Japan’s ‘My Number’ feature into its iPhones.
2. Pepe Coin (PEPE)
Meme coins in both Ethereum It is Solana Ecosystems have made significant progress – some surpassing Bitcoin and major altcoins. After Pepe reached a new all-time high in May, Floki advanced to a new record this week.
Whales have been the biggest drivers of the meme coin rally, as they move billions of tokens. Unfortunately, whales also contribute significantly to market volatility and can cause large losses that mainly affect small holders.
Meanwhile, the four-hour chart reveals an ascending triangle pattern, which if validated could lead to a 15% move in Pepe’s price. This triangle has been forming as the token consolidates after rising to a record high.
the triangle is still valid as long as the price is within its limits. Traders would be ready with buy orders slightly above the x-axis. This breakout should be accompanied by high volume. The 15% change will boost PEPE Price to $0.0000178 and possibly create FOMO among investors looking to join the trend. This triangle could be the start of a larger rally above $0.00002.
Pepe Price Prediction Chart | Trading view
JASMY and PEPE are some of the most popular cryptocurrencies to buy to revive any struggling portfolio. Therefore, as traders rebalance portfolios in June, they may consider adding both tokens. The rise in Bitcoin price to $72,000, this reinforced the optimistic outlook and long-term bull market. Investors should prioritize their research before purchasing any cryptocurrency.
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