The crypto market was mixed on Sunday as investors focused on the upcoming Federal Reserve interest rate decision and the ongoing crisis in the Middle East. Bitcoin was stuck above $105,000, while the market capitalization of all tokens dropped to $3.28 trillion.
This article explores the top crypto forecasts of coins like Pi Network (PI), Monero (XMR), and Fartcoin (FARTCOIN).
Pi Network price prediction
Pi coin has come under pressure in the past few weeks as it plunged to $0.3945 on Friday, down from last month’s high of $1.6567. The token has stabilized a bit and moved to over $0.60 today, a 50% surge.
Technicals point to more Pi Network gains as it has formed a triple-bottom pattern at around $0.60. A triple-bottom is made up of three distinct bottoms and a neckline, which, in this case, is at $1.6567.
The token is attempting to move above the 50-period and 100-period Exponential Moving Averages (EMA). Oscillators like the MACD and the Commodity Channel Index (CCI) have all pointed upwards.
Therefore, the Pi Network token price will likely keep rising as bulls target the next key resistance at $1, which is about 61% above the current level. A drop below the support at $0.3945 will invalidate the bullish Pi Network forecast.
Monero price forecast
Monero, the biggest privacy-focused coin, has crashed in the past two weeks, erasing some of the gains made earlier this year. The initial gains happened as demand for privacy tokens soared. XMR token retreated from a high of $420 to $315 today as investors booked profits.
Monero has moved to the 38.2% Fibonacci Retracement level. It also remains slightly above the 50-day and 100-day EMA. Most importantly, it has formed a small double-bottom pattern at $301.05. A double-bottom pattern often leads to a strong bullish breakout.
Therefore, Monero token will likely bounce back as long as it remains above the double-bottom pattern at $301. Such a move will see it rise and retest the 23.6% Fibonacci Retracement level at $353, which is about 12% above the current level.
A drop below the support at $301 will invalidate the bullish Monero price forecast.
Fartcoin price forecast
Fartcoin, a top meme coin on the Solana network, has been one of the most actively traded tokens this year. Its recent surge saw it peak at $1.6520 in May.
It then pulled back and reached a low of $0.8715, its lowest point on June 5, and then bounced back to the current $1.20.
Fartcoin token remains above the 61.8% Fibonacci Retracement level and the 50-day and 100-day EMAs. The Relative Strength Index (RSI) has retreated and moved to the neutral point at 50.
Therefore, the Fartcoin price will likely resume the uptrend, and potentially retest the psychological point at $1.50. A drop below the support at $0.8715 will invalidate the bullish outlook.
Read more: FARTCOIN eyes 45% rebound as market sentiments shift
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