The cryptocurrency market experienced a mixed performance on Sunday as investors closely monitored two significant global factors: the impending Federal Reserve interest rate decision and the escalating crisis in the Middle East. Despite these macroeconomic pressures, Bitcoin managed to maintain its position above the $105,000 mark. However, the broader market capitalization across all digital tokens registered a decline, settling at $3.28 trillion. Amidst this backdrop, several altcoins presented intriguing price forecasts, notably Pi Network (PI), Monero (XMR), and Fartcoin (FARTCOIN), each exhibiting unique technical patterns and potential trajectories.

The Pi Network (PI) token has recently faced considerable downward pressure, plummeting to $0.3945 on Friday, a significant drop from its high of $1.6567 recorded just last month. Despite this sharp decline, the token has shown resilience, stabilizing and surging over 50% to reach above $0.60 today. From a technical analysis perspective, Pi coin appears poised for further gains. It has notably formed a triple-bottom pattern around the $0.60 level. This pattern, characterized by three distinct lows followed by a strong recovery, typically signals a bullish reversal. The neckline of this triple-bottom is identified at $1.6567. Furthermore, the token is currently making an attempt to break above both the 50-period and 100-period Exponential Moving Averages (EMAs), which, if successful, would reinforce its bullish momentum. Key oscillators such as the Moving Average Convergence Divergence (MACD) and the Commodity Channel Index (CCI) are also signaling upward trends. Based on these indicators, the Pi Network token price is projected to continue its ascent, with bulls targeting the next significant resistance level at $1, representing an approximate 61% increase from its current valuation. Conversely, a decisive drop below the critical support level of $0.3945 would invalidate this bullish forecast.

Monero (XMR), recognized as the largest privacy-focused cryptocurrency, has experienced a notable crash over the past two weeks, effectively erasing a portion of the gains it had accumulated earlier in the year. The initial surge in XMR’s value was largely driven by an increase in demand for privacy-centric digital assets. However, a wave of profit-taking among investors has led to its retreat from a high of $420 down to $315 today. Analyzing its technical position, Monero has descended to the 38.2% Fibonacci Retracement level. It also maintains a position slightly above both its 50-day and 100-day EMAs, which could provide a degree of support. Crucially, Monero has formed a small double-bottom pattern at $301.05. This particular chart pattern is widely regarded as a strong precursor to a bullish breakout. Therefore, the Monero token is anticipated to rebound, provided it sustains its price above the double-bottom pattern at $301. Such a recovery would likely see XMR rise to retest the 23.6% Fibonacci Retracement level at $353, which implies an increase of approximately 12% from its current price. Should Monero fall below the $301 support, the bullish outlook would be invalidated.

Fartcoin (FARTCOIN), a prominent meme coin operating on the Solana network, has been one of the most actively traded digital assets throughout the current year. Its recent parabolic surge culminated in a peak price of $1.6520 in May. Following this peak, Fartcoin experienced a retracement, reaching a low of $0.8715 on June 5, which marked its lowest point recently, before staging a rebound to its current price of $1.20. Technically, Fartcoin continues to trade above the 61.8% Fibonacci Retracement level, as well as the 50-day and 100-day EMAs, indicating underlying strength. The Relative Strength Index (RSI), a momentum oscillator, has recently pulled back and settled at the neutral point of 50, suggesting a balanced market sentiment. Given these technical configurations, the Fartcoin price is expected to resume its uptrend, with a potential retest of the psychological resistance point at $1.50. Conversely, a drop below the critical support level of $0.8715 would negate this positive outlook.