Bearish Structure Persists, Best Coins for Risk-Managed Portfolios

The market remains in a downward trend, yet savvy investors seek opportunities for careful portfolio management. This article delves into digital assets poised for potential growth even amid challenging conditions. Discover which cryptocurrencies may offer a beacon of hope in the current financial landscape.

Chainlink Eyes Recovery as Prices Hover Around New Levels

Source: tradingview 

Chainlink (LINK) stands in a tight price range between about $7.34 and $10.16. It's pushing against the nearest resistance level at $11.49, needing a 10% jump to break through. The coin's nearest support is at $5.86. Recent movements show a 6% rise in the past week, though it's still down by over 40% this month. The long-term 100-day and 10-day averages sit close to $8.50. With the RSI near neutral at around 52 and a Stochastic reading above 80, there's cautious optimism. If momentum builds, LINK could aim for a 40% gain, potentially setting sights on nearly $14.31. However, a healthy dose of wait-and-see remains.

Avalanche (AVAX) Shows Signs of Recovery Amid Recent Price Fluctuations

Source: tradingview 

Avalanche (AVAX) is showing signs of possible upward movement as it trades between around seven to ten dollars. Recently, it has gained just over 6% in a week, despite a harsh drop of nearly 40% over the last month. The current price is hovering around its short-term and longer-term averages, signaling a potential shift. If AVAX breaches its nearby resistance level, it could rise to almost twelve dollars, marking an approximate gain of 15%. Breaking through further could see targets near fourteen and a half dollars. While the crypto has seen a turbulent half year, current indicators suggest possible stabilization and growth.

Mantle (MNT) Fluctuates, Eyeing Potential Surge

Source: tradingview 

Mantle’s price is moving between fifty-two and seventy-six cents. Over the past week, it has seen a small rise of about one and a half percent. However, this looks small compared to a drop of almost forty percent in the last month and over fifty percent in six months. The current price is slightly below its short-term moving average. If Mantle breaks past its nearest barrier at eighty-seven cents, it could aim for the dollar mark and beyond. This would be a jump of about twenty-six percent from the top of its current range. But if it falls below support, it could dip even lower, testing investor patience.

Conclusion

The current market conditions remain challenging. LINK, AVAX, MNT, and ADA are suggested for those aiming to manage risk. Each has unique strengths that can navigate through tough times. LINK excels with its data oracle services. AVAX offers solid technology for decentralized applications. MNT has shown potential in the financial sector. ADA focuses on creating a sustainable blockchain. Diversifying with these coins might help balance a risk-managed portfolio.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.