Situated in a crucial area of support at $0.945, XTZ Coin faces the possibility of descending to its lowest point in 2024 at $0.87 if it fails to maintain this support. The next crucial stop would be at $0.76. Numerous alternative cryptocurrencies that have deviated from their peak values are now approaching the levels at which their rallies began. The combination of unfavorable macroeconomic conditions and the Securities and Exchange Commission’s rejections of Ethereum exchange-traded funds in May pose a significant risk of adversely affecting altcoins, thereby urging investors to exercise caution.
