🛰️3 little-known altcoins that could rise in June
🌟Bitcoin (BTC) and many popular altcoins have seen impressive gains in recent weeks.
🌟However, some lesser-known coins have also formed bullish patterns that will potentially open the door to significant gains. BeInCrypto's editorial team analyzed 3 altcoins that could pleasantly surprise investors in June.
🚀Monero (XMR) is aiming to cross a key moving average
🌟Monero (XMR) is near the 50-day exponential moving average (EMA), hinting at a possible breakout attempt.
🌟The moving average convergence-divergence indicator (MACD) is confirming the strengthening of the buying activity: the MACD line (blue) recently crossed above the signal line (orange).
🌟If this momentum continues, the altcoin price could rise above the important resistance level of $152.25. However, a change in market sentiment to bearish would send the token to support at $110.
🚀Kaspa (KAS) sees an increase in liquidity
🌟The Kaspa (KAS) market is witnessing a steady inflow of capital. This is evidenced by the growing Chaikin Cash Flow (CMF), which measures buying and selling pressure.
🌟At the time of writing, the KAS Cash Flow Index (MFI) stands at 68.37, confirming the increasing buying activity. If the trend continues, the altcoin's price could rise to $0.144. A drop in demand, in turn, will trigger a correction to $0.12.
🚀Decentraland (MANA) bulls gather strength
🌟Decentraland (MANA) is trading near the upper boundary of the horizontal channel, within which it is located since April 8. Directional Movement Index (DMI) readings indicate that buying is on the rise, with the positive index (green) outnumbering the negative index (red).
🌟If the bulls continue to dominate, they could push the MANA price towards $0.47. However, if the bears seize control, the altcoin risks falling to $0.41.
