Top Crypto Performers June 10: MANTRA, Notcoin, and Monero Show Strong Gains

On June 10, 2024, the cryptocurrency market was characterized by minor fluctuations and strong growth, which creates diverse opportunities for trading and investing. Bitcoin (BTC), the market king, remained stable and was priced at $69,571. 99, which is a slight rise of 0.33% in the last 24 hours. This consistent performance over the week, with a rise of 1.18% which is an indication that investors’ confidence remains strong despite the prevailing market conditions.

MANTRA (OM)

Today, there has been a significant rise in MANTRA by 11.83% to reach $1.06. The volume for MANTRA has also gone up to $169 million, which is a clear sign that buyers are interested in the product. The chart indicates that it declined to approximately $0.94, MANTRA bounced back and crossed $1 to sustain the upward movement. This rally may be an indication of increasing confidence among investors, which may take the price to further resistance levels of about $1.10 in the near term.

The 4-hour chart of MANTRA DAO (OM) is also bullish and the price is gradually rising from the $0.80 mark to the current levels of around $1.06.

The 4-hour chart for MANTRA DAO (OM) indicates a positive trend, with the price showing a steady ascent from the $0.80 mark to current levels around $1.06. The chart is characterized by a series of higher lows and higher highs, a bullish signal. The Relative Strength Index (RSI) is currently positioned at 68.06, near the overbought territory but not exceeding it, suggesting sustained buying interest without immediate overextension. The moving average (SMA) with a period of 9 is also trending upwards, further supporting the bullish sentiment as it remains well below the current price, serving as a potential dynamic support level.

Notcoin (NOT)

Notcoin is another notable performer, with a price increase of 4.60% bringing it to $0.01858. With a substantial trading volume of $830 million, NOT has maintained its momentum throughout the day. The price chart for Notcoin shows a quick recovery from a dip, followed by a period of stability. The 4-hour chart for Notcoin (NOT) shows a distinct upward trajectory initially, with price peaking at $0.025474 before entering a consolidation phase. Recently, the trend has shifted to a mild downtrend, reflected by the series of lower highs and lower lows, settling around the $0.018660 mark.

The Simple Moving Average (SMA) of 9 periods is presently above the current price, suggesting the onset of bearish momentum. The Relative Strength Index (RSI) is near the neutral zone at 43.64, indicating neither overbought nor oversold conditions, which could imply potential sideways movement or a continuation of the current downtrend in the short term.

Monero (XMR)

Monero has also posted gains today, with an increase of 4.08% to a price of $177.77. XMR's trading volume stands at $103 million, supporting its steady rise on the charts. Monero's graph indicates a robust recovery from earlier lows around $170, climbing towards $180.

The 4-hour chart for Monero (XMR) illustrates a steady bullish momentum, marked by a series of higher highs and higher lows, culminating in the recent peak at around $178.72. The 9-period SMA at $173.84 is currently serving as a support level, confirming the uptrend as the price remains consistently above this average. The RSI is in the upper bullish range at 65.84, suggesting strong buying pressure but not yet reaching overbought territory. This indicates that Monero might still have room for further upward movement if the market sentiment remains positive.