MONERO Price Prediction: Long-term (XMR) Value Forecast – June 15


  • The long-term outlook is in a bullish trend.
  • Traders should look to buy at bearish exhaustion areas.

XMR/USD Long-term Trend: Bullish

Supply zone: $140.00, $180.00, $220.00
Demand zone: $40.00, $20.00, $10.00

XMR is in a bullish trend in its long-term outlook. Despite starting the week on a bearish note, the bears lost momentum at $81.98 in the demand area on 9th June. This returned the bulls with a break at the 10-EMA on 12th June as XMRUSD rose to $90.95.

The bulls sustained the momentum as the week is ending on a bullish note with the cryptocurrency already up at $94.88 in the supply area.

The stochastic oscillator signal points up at 66% and price is above the two EMAs. These are an indication of sustained upward momentum in the days ahead coupled with the fact the trendline acted as a strong support for the bulls.

$100.00 in the supply area may be retested as the bulls journey’s up north.

Live Monero (XMR) Price:

1 XMR/USD =$225.7593 change ~ -14.09%

Coin Market Cap

$4.05 Billion

24 Hour Volume

$205.94 Million

24 Hour VWAP

$248

24 Hour Change

$-31.82

 

The views and opinion as expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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