Exploring Investment Opportunities in Crypto: VeChain, Zilliqa, and JasmyCoin
Ripple’s XRP has surged nearly 500%, prompting a renewed focus on older cryptocurrencies experiencing recovery. This article examines three coins—VeChain (VET), Zilliqa (ZIL), and JasmyCoin (JASMY)—that may present valuable investment opportunities as altcoin season trends upwards, each validated by strong bullish patterns and market indicators.
In light of the recent surge in Ripple’s XRP, which has experienced nearly a 500% increase since November, investors are turning their attention to other promising cryptocurrencies from previous market cycles. The current rise in the altcoin season index, now sitting at 88, signals a potential revival for several older cryptocurrencies that previously demonstrated strong performance. Herein, we discuss three notable options: VeChain (VET), Zilliqa (ZIL), and JasmyCoin (JASMY).
VeChain (VET) has shown considerable resilience, previously peaking at $0.27 in 2021 before succumbing to broader market declines. The asset has traded within a range of $0.015 to $0.055 for an extended period, forming a bullish triple-bottom pattern at its lowest support level. This behavior suggests a promising upward trajectory following its recent breakout above crucial resistance and moving averages. Analysts project that VET could potentially reach $0.1413, representing an impressive 115% increase from current levels, contingent upon market conditions remaining favorable.
Zilliqa (ZIL) is another cryptocurrency to monitor as it benefits from a renewed interest in old-school coins. Celebrated for its pioneering sharding technology, ZIL has gained momentum recently, closing in on its highest mark since early April. With a significant rebound over the last five weeks and recent movements above its 50-week moving average, Zilliqa is positioned for continued growth. Analysts note that the next key resistance level is projected at $0.10, aligning with its 61.8% retracement level, indicating strong potential for appreciation.
JasmyCoin (JASMY), often referred to as Japan’s Bitcoin, is characterized by a compelling upward trend. Its daily chart reveals a classic cup-and-handle formation, a pattern often indicative of bullish future price action. Furthermore, the recent formation of a golden cross—wherein the short-term 50-day moving average surpasses the long-term 200-day average—coupled with a strengthening MACD, suggests robust buying momentum. The upcoming target price for JasmyCoin is set at $0.0720, aligning with the technical parameters derived from its cup’s configuration.
The surge of Ripple’s XRP has reignited interest in older cryptocurrencies as the market enters a potential altcoin season. Historically, cryptocurrencies such as VeChain, Zilliqa, and JasmyCoin saw significant gains during bullish trends. Understanding their past performance, market positioning, and technical indicators is crucial for investors seeking opportunities in the current landscape. This context highlights the broader trend in cryptocurrency markets, where established coins can experience renewed relevance in the wake of significant movements in market giants like XRP.
In summary, the recent surge in XRP has not only revitalized interest in the cryptocurrency market but also created a fertile landscape for classic assets like VeChain, Zilliqa, and JasmyCoin. Each of these cryptocurrencies is showcasing unique bullish patterns and technical indicators that suggest potential upside in their valuation. Investors may find it prudent to monitor these three coins closely, as they resemble early signs of a resurgence in old-school crypto assets.
Original Source: crypto.news
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