Situated in a crucial support region at $0.945, XTZ Coin faces the possibility of descending to its lowest point in 2024, which is $0.87, if it fails to maintain this support. The second significant barrier lies at $0.76. Numerous altcoins that have veered from their previous highs are now heading towards levels close to where their rally began. The combination of overall economic pessimism and the rejection of ETH ETF proposals by the SEC in May poses a potential threat to altcoins, requiring investors to exercise caution.