JasmyCoin has been significantly undervalued despite a massive 1,530% surge in price. Analysts point to an unusually low Relative Strength Index on the Jasmine monthly chart, suggesting there could be more upside potential for JASMY. This low RSI indicates that the market still needs to recognise the coin’s intrinsic value fully. JASMY could see further price appreciation if this sentiment shifts as the market corrects itself. Investors should watch for critical levels to confirm any bullish continuation. If JASMY begins to move higher from its current levels, it might just be the beginning of a more significant trend that reflects its “natural value.”
PEPE has been struggling after a 30% decline in August 2024, with the coin currently trading below critical support levels. Despite the recent surge in trading volume, PEPE’s overall outlook is still bearish, especially since the coin is trading below its 200-day EMA. However, some investors see this as a potential buying opportunity, believing the market downturn could allow them to “buy the dip” before a possible recovery. The next few days will be crucial in deciding whether PEPE can recoup some of its losses or if it will keep falling.
Ethereum is making headlines as it prepares for a significant milestone with the upcoming Devcon event organized by the Ethereum Foundation. The Ethereum investors are eagerly waiting for the conference which, will focus on the latest advancements in the Ethereum ecosystem, particularly Ethereum 2.0. The upgrade, which aims to enhance the network’s scalability and energy efficiency, is expected to address some of the ongoing challenges faced by the blockchain.
Ethereum is discussing potential ETF approvals. Financial instruments will open the doors for more institutional investment in Ethereum, significantly impacting its adoption and market dynamics.
Investors are keenly following the new updates because their outcome could totally impact Ethereum’s future. Meanwhile, the broader crypto market continues to navigate regulatory pressures, which remain a key factor in Ethereum’s evolution.
This post was last modified on Aug 30, 2024, 12:36 BST 12:36