Monero Price Prediction Today: Daily (XMR) Value Forecast – June 10


  • In retrospect, the market had earlier reached the $98 overhead resistance on May 27.
  • The XMR market is currently trading between the levels $82 and $90.

XMR /USD Medium-term Trend: Ranging

  • Resistance Levels: $96, $98, $100
  • Support Levels: $84, $92, $90

Last week the price of Monero was in a bearish trend. On June 3, the bulls tested the $96 resistance level and were resisted. The XMR market fell and was in a downward correction. In retrospect, the market had earlier reached the $98 overhead resistance on May 27. The bulls were unable to break the $98 overhead resistance level as the bears took control of price. The downtrend of June 3 was corrected at the $82 price level.

This was the previous low of May 23. The $82 support level was holding as the bulls made a bullish move above the EMAs. The bulls could not sustain the price above the EMAs because of the resistance at the $90 price level. The XMR market fell from the recent $90 resistance level to the $82 support level. On the upside, if the $82 support level is holding, the bulls are likely to break the EMAs and retest the resistance levels.

XMR/USD Short-term Trend: Ranging

On the 1-hour chart, the price of XMR is in a sideways trend. The XMR market is currently trading between the levels $82 and $90. The 12-day EMA and the 26-day EMA are sloping horizontally. On June 7, the bulls tested the upper price range and price made a downward correction to the lower price range. The price of Monero is in the oversold region of the daily stochastic but above 40% range. This indicates that price is in a bullish momentum and a buy signal.

Live Monero (XMR) Price:

1 XMR/USD =$488.1272 change ~ 18.78%

Coin Market Cap

$8.74 Billion

24 Hour Volume

$445.18 Million

24 Hour VWAP

$448

24 Hour Change

$91.69

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

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