The cryptocurrency market analysis shows that several altcoins, including XLM, VeChain, Pi Network, and Remittix, are striving for growth. Let's examine which one is likely to hit the $10 mark first.
XLM: Holding Support and Potential Growth
Recently, XLM has faced pressure, fluctuating between $0.25 and $0.33. Last week, it dropped more than 8%, reaching a low of $0.26 after breaching support at $0.28. Analyst CoinsKid suggested that XLM might be preparing for its fifth wave and aiming for $0.87 in its next move.
VeChain: Awaiting Reversal
VeChain has also been experiencing a tough period, losing over 13% in value over the past week. Prices recently fluctuated between $0.022 and $0.034. Despite the decline, the VeChain community remains optimistic about the possibility of recovery. The price may test the support level at $0.020 before bouncing back if bullish momentum picks up.
Pi Coin: Bulls vs. Bears
Pi Coin lost over 16% of its value over the week. Technical analysis shows a bearish trend with lower highs and lows. After peaking at $1.50 in mid-May, the price fell to the support level of $0.60. Current market signals are mixed, with indicators suggesting a buying opportunity, while moving averages signal a sell.
Altcoins XLM, VeChain, and Pi Coin continue to capture the attention of investors, yet their current challenges may limit their growth. While all these projects strive for improvements, addressing real market issues remains crucial.
