Situated in a significant support region at $0.945, XTZ Coin faces the potential of descending to its lowest point in 2024, which stands at $0.87, if it fails to maintain this support. The second crucial stop lies at $0.76. Numerous alternative cryptocurrencies that have deviated from their previous peaks are gravitating towards levels similar to when the rally began. The combination of overall economic pessimism and the SEC’s rejection of the ETH ETF in May poses a potential danger of exerting a negative influence on alternative cryptocurrencies, thereby urging investors to exercise caution.
