The cryptography market remains without direction, with mixed signals making many altcoins move laterally or decrease. However, in early June, bullish optimism developed around Bitcoin which potentially reaches a new summit of all time.
Beincryptto has analyzed three altcoins for investors to monitor – these likely to capitalize on the Bitcoin momentum or to forge their own path.
Quant (qnt)
QNT experienced a moderately upward week, maintaining its higher position in the support of $ 101 while currently negotiating at $ 104. This regular performance indicates the confidence of growing investors, although no significant increase in prices has yet been noted.
The emergence of a golden cross, with the 50 -day EMA crossing the 200 -day EMA, suggests that QNT could push around $ 111. The successful reversal of this resistance in support would confirm a positive trend for Altcoin and arouse additional purchase interest.
Despite the bullish signs, the risk of realization remains. If investors start to sell, QNT could drop below $ 101 support, which can potentially have fallen to $ 89. Such a decision would invalidate current upper perspectives and signal the prudence of traders.
SPX6900 (SPX)
SPX6900 stands out as one of the rare pieces of memes avoiding recently net reductions, regularly negotiating at $ 0.97 near the key level of $ 1.00. This stability suggests that the confidence of investors because the room holds land despite larger market fluctuations.
The move of the RSI in the Haussier zone, after having removed over -racket levels, the signals have renewed the purchase of the momentum. This change could help SPX6900 to secure $ 1.00 as a solid support, to propel it upwards to $ 1.23 and to continue its upward trend.
However, if investors decide to sell, SPX6900 may find it difficult to maintain its bullish momentum. A sale could push the price to $ 0.81 or less, which would invalidate current positive perspectives and indicate increased sales pressure.
Monero (XMR)
XMR dropped 22% last week after a solid performance in May, but won 7% in the last 24 hours, negotiating $ 347 near the resistance of $ 348. This recent increase indicates a renewal of purchasing interests despite previous losses.
The strong correlation of 0.81 from XMR with Bitcoin allows it to reflect BTC rallies. If Bitcoin reaches a new summit of all time, Altcoin could return $ 348 in support and push around $ 418, benefiting from the momentum of the crypto king.
However, lowering conditions or sales pressure on BTC or XMR could lead to a drop below the support of $ 325. A decrease to $ 300 would invalidate current upward prospects, signaling the potential for lower risk.
Non-liability clause
In accordance with the Trust project guidelines, this price analysis article is for information purposes only and should not be considered as financial or investment advice. Beincrypto is committed to exact and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making financial decisions. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
