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Monero Coin exhausts positive chances - Analysis - 17-06-2026
Monero (XMRUSD) moved lower in recent intraday trading as a negative crossover began to emerge on momentum indicators after reaching overbought territory. The pullback appears to be an attempt by the cryptocurrency to ease some of that overbought condition and rebuild positive momentum. The decline has brought the price back toward support at its 50-period Simple Moving Average (SMA), while it continues to find support from a short-term bullish corrective trendline, enhancing the prospects for a renewed recovery in the near term.
Therefore, our outlook remains tilted to the upside for the cryptocurrency's upcoming intraday trading sessions, as long as support at $331.10 holds firm. Under this scenario, the next upside target is seen at the $370.00 resistance level.
Today's price forecast: Bullish.
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Palo Alto price collects profits - Forecast today - 17-06-2026
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