Any thoughts on how low XEM will go?
It all comes to the total crypto market cap. A better question would be: How low the total crypto market cap would go during this summer?
According to the market cap history it can go as low as 50B where 60B low is more realistic as to remain above the average market cap line.
So now that we are around 80B market cap, the market cap can maximum go down 25% more, maybe temporary 40% touching 50B then bounce back around 60B.
If you take that and apply it to XEM: Maximum low would be 3500 sats, bouncing back at around 4000 sats then start to grow from there. This might likely happen only during the coming 3 weeks. If the coming three weeks passed with no more drops, XEM would then start to rise slowly from 5000 sats.
Perhaps no one can predict what will happen. These are all speculations based on past historical market moves.
Also Keep in mind that a crypto bull run is expected right after or before bitcoin Segwit upgrade "around 1st of August". For that I am expecting if more drops to happen will take place only within the coming 3 weeks.