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Monero (XMR) Price Prediction The coin may set up a bullish run as it moves to break above the $145 resistance level.
Monero Forecast Statistics Data:
- Monero price now – $142.5
- Monero market value – 2.5 billion dollars
- Monero transfer supply – 18.1 million
- Monero total supply – 18.1 million
- Monero Coinmarketcap Rank – #29
XMR/USD market
Key steps:
Resistance levels: $166, $176, $186
Support levels: $125, $115, $105
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XMR/USD is running a small recovery movement at the $142 resistance level with a 0.72% price gain. As the coin is making some gains, Monero price may follow a sideways movement in the channel if the coin fails to cross above the 9-day moving average. Meanwhile, traders can expect price increases if the bulls put more pressure on the market.
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Monero’s price is hovering around $142 from the 9-day and 21-day moving averages. If the price continues to create an upward movement, traders can expect a continuation of the upward bullishness. Meanwhile, when the relative strength of the technical indicator (14) faces the 50-level, possible resistance levels can be found at &166, $176 and $186 in the long term.
Moreover, if the coin maintains its bullish movement for the next couple of days, traders may witness further highs. Meanwhile, the price of Monero is trying to create a high movement in the short term. However, any bearish movement below the lower border of the channel could drive the coin back to long-term supports at $125, $115 and $105.
On Bitcoin, Monero price is hovering above the 9-day and 21-day moving averages. According to the daily chart, volume and resistance are needed to push the market higher for the coin to face the upper boundary of the channel. Monero (XMR) is currently trading around 745 SAT, but any bearish cross below the lower border of the channel could hit support at 680 SAT and below.
However, if the bulls increase the buying pressure; Traders can confirm a bull run for the coin, and potential resistance can be found at 820 SAT and above. Similarly, the relative strength indicator of the technical indicator (14) is moving above the 50-level, which indicates a bullish movement.
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