On June 10, 2024, cryptocurrencies were characterized by slight fluctuations and strong growth, creating diverse opportunities for trading and investment. Bitcoin (BTC), the market king, remained stable, with a price of $69,571.99, a slight increase of 0.33% in the past 24 hours. Its performance over the past week has been up 1.18%, which indicates that investor confidence remains strong despite the current market conditions.
Mantra (OM)
Today, MANTRA saw a significant increase of 11.83% to $1.06. MANTRA's trading volume has also risen to $169 million, a clear indication that buyers are interested in the product. On the chart, after dropping to around $0.94, MANTRA has rebounded to above $1 and is maintaining its upward trend. This rise could be a sign of increasing investor confidence, which could push the price to further resistance levels around $1.10 in the short term.
The 4-hourly chart of MANTRA DAO (OM) is also bullish, with the price gradually increasing from $0.80 to the current levels around $1.06.
The 4-hourly chart of MANTRA DAO (OM) shows that the price has been steadily rising from the $0.80 levels to the current $1.06 level, indicating a positive trend. The chart features a series of higher highs and higher rising highs, which is a bullish signal. The Relative Strength Index (RSI) is currently sitting at 68.06, close to the overbought territory but not beyond it, suggesting continued buying interest without becoming overbought anytime soon. The 9-period Moving Average (SMA) is also trending up and is well below the current price, further supporting the bullish sentiment and acting as a potential dynamic support level.
Notcoin (NOT)
Notcoin also performed notably, with its price increasing by 4.60% to $0.01858. With a sizable trading volume of $830 million, NOT maintained momentum throughout the day. The Notcoin price chart shows that it quickly recovered from the drop and then entered a period of stability. The 4-hour chart of Notcoin (NOT) initially showed a clear upward trajectory, with the price peaking at $0.025474 before entering a consolidation phase. Recently, the trend has turned into a gradual downtrend, reflected in a series of lower highs and lower lows, settling around $0.018660.
The 9-period Simple Moving Average (SMA) is currently above the current price, indicating that bearish momentum has set in. The Relative Strength Index (RSI) is close to the neutral zone at 43.64, indicating that the stock is neither overbought nor oversold, which could suggest sideways movement or a continuation of the current downtrend in the short term.
Monero (XMR)
Monero also recorded gains today, increasing by 4.08% to $177.77. XMR has a trading volume of $103 million and is steadily climbing up the charts. Monero’s chart shows a strong recovery from lows around $170, rising towards $180.
The 4-hours chart of Monero (XMR) shows steady bullish momentum marked by a series of higher highs and lower lows, with the highest reaching a recent peak near $178.72. The 9-period SMA at $173.84 is currently acting as a support level, confirming the uptrend as the price has been consistently above this average. The RSI is at the upper end of its bullish range at 65.84, suggesting strong buying pressure, but has not yet reached the overbought territory. This indicates that Monero may still have room to rise if market sentiment remains positive.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also, please be aware that any cryptocurrencies mentioned/listed on the website may potentially be a scam, i.e. designed to induce you to invest financial resources that may be permanently lost and never recovered. You are responsible for conducting your own research (DYOR) before making any investment. Find out more here.
