Analysts name tokens whose value may rise in June

Market experts have identified 3 altcoins that may pleasantly surprise investors in June. According to analysts, some lesser-known tokens have formed bullish patterns that will potentially pave the way for significant profits.

Monero (XMR)
The cryptocurrency is near the 50-day exponential moving average (EMA), hinting at a possible breakout attempt. The MACD indicator is a confirmation of the increased buyer activity.

If this momentum continues, the price of altcoin may rise above the important resistance level of $ 152.25. However, a change in market sentiment to the downside will send the token to support at $ 110.

Kaspa (KAS)
The Kaspa market has seen a steady inflow of capital. This is evidenced by the growth of the Chaikin Money Flow (CMF), which measures the pressure of buying and selling.

At the time of writing, the KAS Money Flow Index (MFI) is 68.37, confirming the growth of buyer activity. If the trend continues, the price of altcoin may rise to $ 0.144. A drop in demand, in turn, will trigger a correction to $ 0.12.

Decentraland (MANA)
The digital asset is trading at the upper limit of the horizontal channel, within which it has been since April 8. The Directional Movement Index (DMI) indicates an increase in the number of purchases: the positive index (green) exceeds the negative (red).

If the bulls continue to dominate, they could push MANA’s price to $ 0.47. However, if the bears seize control, the altcoin risks falling to $ 0.41.