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 =$203.2696 change ~ -1.22%
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.