Monero Price Analysis: Will XMR Retest $148.11 Level?

  • The EMA(50) is currently at $146.84.
  • XMR’s intraday volume stands at $92,702,704.00.
  • First support level for Monero is at $136.05.
  • Monero price analysis is bearish today.

10 June 2023 : In this article we will walk you through Monero price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Monero, Is XMR a good investment? Monero support & resistance levels etc. But before diving deep into the XMR technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,043,558,746,616. The total trading volume stands at $48,604,951,073. Bitcoin shares 47.7 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $25,666.97 level after a decline of -3.56%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -5.54 percent reaching to $1,743.86 during the previous 24 hours.
While publishing this blog, BNB traded at $236.16, following a price change of -9.83%within the same time frame. XRP the native coin of XRP is down by -7.86 and currently trading at $0.49. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Monero Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Monero (XMR)

XMR Resistance Levels XMR Support Levels
Resistance Level 1 $148.11 Support Level 1 $136.05
Resistance Level 2 $153.56 Support Level 2 $129.44
Resistance Level 3 $160.17 Support Level 3 $123.99

Monero Performance

According to Price Analysis Market Index, Monero (XMR) is trading at $136.36 with a trading volume of $92,702,704.00. However,XMR has a price decline of -4.48% in the last 24 hours.XMR price changes -6.9% over the week with a total market capitalization of $2,494,038,425.00 USD.

Monero Price Analysis

XMR price analysis for 10 June 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Monero.

Moving Averages Price Indicator
Simple Moving Average (10) 143.15 Sell
Exponential Moving Average (10) 143.27 Sell
Simple Moving Average (20) 144.17 Sell
Exponential Moving Average (20) 144.13 Sell
Simple Moving Average (50) 146.96 Sell
Exponential Moving Average (50) 146.84 Sell

The XMR/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. The relative Strength Index (RSI) indicates that the XMR coin is in consolidation zone, as RSI is at 44. While XMR’s Williams %R indicator is at -52.267 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. In accordance with the conventional pivot, the crucial immediate resistance for XMR may be found at $148.11, followed by $153.56. In the meantime, the cryptocurrency's support levels were located at $136.05 and then $129.44.


The Monero market is shown signs of being bearish, and sellers have the potential to drive prices of the cryptocurrency lower in the next few days. Alternatively, The price of XMR might try to break above its resistance level of $148.11. For now the coin is showing negative trend.