The crypto market remains directionless, with mixed signals causing many altcoins to move sideways or decline. However, as June begins, bullish optimism grows around Bitcoin potentially reaching a new all-time high. 

I have analysed three altcoins for investors to watch—those likely to capitalize on Bitcoin’s momentum or forge their own path.

Quant (QNT)

QNT has experienced a moderately bullish week, maintaining its position above the $101 support while currently trading at $104. This steady performance signals growing investor confidence, although no significant price increase has been noted yet.

The emergence of a Golden Cross, with the 50-day EMA crossing above the 200-day EMA, suggests QNT could push toward $111. Successfully flipping this resistance into support would confirm a positive trend for the altcoin and attract further buying interest.

Despite bullish signs, the risk of profit-taking remains. If investors begin selling, QNT could drop below the $101 support, potentially falling to $89. Such a move would invalidate the current bullish outlook and signal caution among traders.

SPX6900 (SPX)

SPX6900 stands out as one of the few meme coins avoiding sharp declines recently, trading steadily at $0.97 near the key $1.00 level. This stability suggests investor confidence as the coin holds its ground despite broader market fluctuations.

The RSI’s move into the bullish zone, after retreating from overbought levels, signals renewed buying momentum. This shift could help SPX6900 secure $1.00 as a strong support, potentially propelling it upward toward $1.23 and continuing its upward trend.

However, if investors decide to sell, SPX6900 may struggle to maintain its bullish momentum. A sell-off could push the price down to $0.81 or lower, which would invalidate the current positive outlook and indicate increased selling pressure.

Monero (XMR)

XMR dropped 22% last week after a strong May performance but gained 7% in the last 24 hours, trading at $347 near the $348 resistance. This recent rise hints at renewed buying interest despite previous losses.

XMR’s strong 0.81 correlation with Bitcoin allows it to mirror BTC’s rallies. If Bitcoin reaches a new all-time high, the altcoin could flip $348 into support and push towards $418, benefiting from the crypto king’s momentum.

However, bearish conditions or selling pressure on BTC or XMR could lead to a decline below the $325 support. A drop to $300 would invalidate the current bullish outlook, signaling potential further downside risk.

What altcoins are you buying right now and why? If you like this sort of content, please give it an upvote / tip so I know that you want to see more stuff like this. Also, if you want to chat add me on X. I'm always happy to connect with fellow crypto lovers!