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Monero

XMRUSD MONERO Long Bullish can go to 190 USDAccording to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero. Based on data from July 01, 2023 at 20:43, the general Monero price prediction sentiment is bullish with 25 technical analysis indicators signaling bullish signals, and 8 signaling bearish signals. Technical Analysis Bullish 1 Monero makes 3 weeks Higher Lows and Higher Highs 2 Trend continuation Confirmation RSI See Circles 10 Nov 2022 9th March 2022 10th June 2022 3 RSI is above 50 4 Rsi confirmation is Bullish 5 Volume is increasing Bullish 6 We have rising POCs 7 Volume Value has been shifting higher 8 Monero is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 8 days, since Jun 23, 2023. The price of Monero is currently above the 50-day SMA and this indicator has been signaling BUY for the last 9 days, since Jun 22, 2023. The most recent Death Cross in the Bitcoin market happened 30 days ago, on Jun 01, 2023. Meanwhile, a Golden Cross last occurred on Jan 09, 2023, which was 173 days ago. Based on our technical indicators, Monero's 200-day SMA will rise in the next month and will hit $ 153.22 by Jul 31, 2023. Monero's short-term 50-Day SMA is estimated to hit $ 159.61 by Jul 31, 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 74.32, which indicates that the XMR market is in a overbought position. The RSI indicator suggests that the price of XMR will increase. Monero reached its highest price on Jan 9, 2018 when it was trading at its all-time high of $ 593.42, while Monero's lowest price was recorded on Jan 14, 2015 when it was trading at its all-time low of $ 0.212967. The lowest price since it's ATH was $ 26.23 (cycle low). The highest XMR price since the last cycle low was $ 514.43 (cycle high). The Monero price prediction sentiment is currently bullish, while Fear & Greed Index is showing 59 (Greed). Monero's current circulating supply is 18.30M XMR out of max supply of 18.20M XMR. The current yearly supply inflation rate is 0.86% meaning 156,872 XMR were created in the last year. In terms of market cap, Monero is currently ranked #5 in the Proof-of-Work Coins sector, ranked #1 in the Privacy Coins sector and ranked #15 in the Layer 1 sector. Highlights Price has increased by 48% in the last 1 year Outperformed 79% of the top 100 crypto assets in 1 year Trading above the 200-day simple moving average 21 green days in the last 30 days (70%) Trading on Binance Trading with Euro Yearly inflation rate is 0.86% Monero price in US Dollar has increased by 13.08% in the last 1 month. XMR is up 10.29% against Ethereum and down -0.47% against Bitcoin in the last 1 month. The top-performing year for Monero was 2016 when the price of XMR increased by 2,830.22% from $ 0.470402 to $ 13.78. The worst performing year for Monero was 2018 when the price dropped by -86.72% from $ 349.16 to $ 46.38. The average yearly growth of Monero over the last 10 years is 595.55% per year. Usually, Monero performs best in Q3 with an average of 59.43% gain and worst in Q2 with 11.17% gain. Risk Analysis Outperformed by Bitcoin and Ethereum Down -72% from all-time high Has medium liquidity based on its market cap How is the price positioned in comparison to the all-time high? The price is currently down -72% from the all-time high. How is the price positioned in comparison to the cycle high/low? Monero is currently trading at -67.40% below cycle high and 539.17% above cycle low. Is the price highly volatile? The 30-day volatility is above 30% and is currently at null% Does it have enough liquidity based on market cap to volume ratio? Has medium liquidity with 0.0282 volume to market cap ratio. The current market cap is $ 3.07B while the 24-hour volume is $ 86.46M Is the total supply high in comparison with the circulating supply? Over 101% of the total supply is in circulation. Is the current inflation below 2% per year? The yearly inflation rate is 0.86% meaning there were 156,872 coins generated in the last 1 year. According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero. Comparing Monero against other important technological innovations and trends is one way of predicting where the Monero price could head over the long term. The table above shows what the Monero price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase. In the best case scenario, XMR price prediction for year 2026 is $ 3,836.33 if it follows Facebook growth. In case Monero would follow Internet growth the prediction for 2026 would be $ 440.09. Monero Key Price Levels Based on today's classical pivot point (P1) with the value of $ 166.97, Monero has support levels of $ 164.34, $ 160.29, and the strongest at $ 157.66. Similarly, Monero resistance levels are at $ 171.02, $ 173.65, and $ 177.70.. Monero Correlation Over the past 7 days, Monero price was most positively correlated with the price of TRON (TRX), Stellar (XLM), Bitcoin Cash (BCH), Zcash (ZEC) and Bitcoin SV (BSV) and most negatively correlated with the price of XRP (XRP), OKB (OKB), Cardano (ADA), NEM (XEM) and Binance Coin (BNB). Monero price is positively correlated with the top 10 coins by marketcap with a value of 0.119, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.107. Currencies that are positively correlated with Monero indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Monero, a move in one direction for Monero would translate into a move in the opposite direction for the negatively correlated coin. Monero Price Forecast(Probability 69%) This is just a mathematical methode to trade my own accont, Okease note that it is for educational and informative issue, and you should use stops and proper risk and money mangemnt to protect your capital. Date Price Change Jul 2, 2023 $ 168.17 0.06% Jul 3, 2023 $ 169.11 0.62% Jul 4, 2023 $ 171.83 2.24% Jul 5, 2023 $ 170.25 1.30% Jul 6, 2023 $ 164.17 -2.32% Jul 7, 2023 $ 170.84 1.65% Jul 8, 2023 $ 166.89 -0.70% Jul 9, 2023 $ 165.08 -1.78% Jul 10, 2023 $ 151.52 -9.85% Jul 11, 2023 $ 158.89 -5.46% Jul 12, 2023 $ 157.76 -6.13% Jul 13, 2023 $ 160.38 -4.57% Jul 14, 2023 $ 155.57 -7.43% Jul 15, 2023 $ 151.87 -9.63% Jul 16, 2023 $ 156.14 -7.10% Jul 17, 2023 $ 155.08 -7.73% Jul 18, 2023 $ 155.62 -7.40% Jul 19, 2023 $ 157.16 -6.49% Jul 20, 2023 $ 156.53 -6.86% Jul 21, 2023 $ 164.10 -2.36% Jul 22, 2023 $ 165.61 -1.46% Jul 23, 2023 $ 169.10 0.62% Jul 24, 2023 $ 175.47 4.41% Jul 25, 2023 $ 176.17 4.83% Jul 26, 2023 $ 179.92 7.06% Jul 27, 2023 $ 185.74 10.52% Jul 28, 2023 $ 190.11 13.12% Jul 29, 2023 $ 183.07 8.93% Jul 30, 2023 $ 187.35 11.48% Jul 31, 2023 $ 187.86 11.78%
CAPITALCOM:XMRUSDLong
by DaveBrascoFX
SELL Monero, Not Quite, Not YetSince monero broke it's 164.60 support level on Feb 9th 2023, it has attempted to break this level in March and April and failed. Monero then retested the support level of 137.60 which was formed on December 28th 2022 and has been testing and holding multiple times. Fast forward -for the last 6 days Monero has reformed and has been consolidating and holding the now reformed support level for the first time in 5 months Once monero continues holding 164.60 or 151.90 it will pump. Keep the hodl bag
XLong
by UnknownUnicorn39347201
XMR Appears to be in a Cup and Handle Continuation patternThere is a lot of bullishness in the XMR chart despite everything that is going along globally with politics and economics. For a long time I have watched XMR with the assumption that it may be forming a massive double top but so far that has not materialized A zoom in onto the handle shows a clear falling wedge which has a bullish bias. There is a double bottom that has been forming late since late January and it seems that the inverse head and shoulders is beginning to perform. I hope for this to proceed rather impulsively in short order and I have my entry at the neckline of the pattern. Price action can squirt right out of the wedge or price may flip the wedge resistance to support with a retest. The main chart shows some of the other targets in red on the fib or at the full flag pole performance. There is chance that we get a throwback to the height of the cup at about $515 once we reach some intermittent targets. Price action has found support on both the 200SMA and the 200EMA as shown below. Candle bodies on the EMA and wicks to the SMA. Finding support on such long term moving averages is bullish but also opens price action to test it repeatedly as support before really taking off. The moving averages are under a weekly death cross so I expect to see some activity at the 50 SMA. Hopefully a nice flag continuation pattern but I can address that in due time. The main noise in my head about this trade is my intense long term bearishness on equities and how crypto has generally moved in sync with with equities. We don't have the same data with crypto and equities running in opposite directions that we do with say equities and gold or silver. But bullish chart patterns are bullish chart patterns and I am going to trade this bullishly.
POLONIEX:XMRUSDLong
by This_Guhy
6
✴️ Monero Year Long Consolidation Phase | Think Long-TermSince June 2022 Monero (XMRUSD) has been moving within a sideways channel with a bullish bias, that is, printing higher lows. A year is a very long time in Crypto and what will happen next is something big. This long-term consolidation phase can continue, believe it or not, but it can also break anytime. Once the massive bullish action start, you will wonder "Why didn't I jump in in 2023?". You will be thinking, "I saw it, it was trading at bottom prices forever and I just ignored it...", not only about Monero but about most Cryptos, that's how market psychology works. When the time to buy is right, we tend to detach and feel not interested. Once everything starts to move and euphoria shows up, the prices are bad as they become too high but that is when people want to get involved. There are many opportunities now but we need to focus on the long-term. Think long-term! That should be the mantra when buying, when reading, when planning... Think long-term and success is guaranteed. Namaste.
CRYPTO:XMRUSDLong
by MasterAnanda
1
Downward Trend and Key Support LevelsOver the past month, XMR has been trending downwards, experiencing a moderate level of selling pressure. This led to the breach of its initial support level around $147, and the price subsequently hit the second support level at approximately $136. As anticipated, there was a positive reaction at the second support level, resulting in a 6% increase in XMR's price. However, the buying power was not sufficient to break through the resistance at the $147 range, indicating a pullback in the ongoing downward trend. The RSI level for XMR is currently at 37, indicating a moderate level of downward momentum. This suggests that there is still some selling pressure on XMR, but it is not yet in an oversold condition. The RSI level of 37 aligns with the overall analysis, confirming the presence of bearish sentiment in the market. As the selling pressure persists, XMR lost support at the $136 range and is now testing an important support level situated between $122 and $128. This support level corresponds to the starting range of the last upward movement observed on a weekly basis. It is crucial for XMR to hold above this support range to avoid further downward movement. Taking a broader perspective, on longer time frames, XMR is currently in a range-bound trend, while on a daily time frame, a clear downward trend is evident. To change the trend and reverse the downward movement, XMR would need to break the downtrend line and rise above the resistance level of $150. Considering the combined analysis of the price action, support and resistance levels, and the RSI, it suggests that the market sentiment for XMR remains bearish, with selling pressure continuing to influence the cryptocurrency's price. Traders and investors should closely monitor the support level around $122 to $128, as a significant break below that range could potentially lead to further downside movement for XMR.
X
by MonoCoinSignal
8
XMR Potential Ban of anonymous crypto projects !If you haven`t sold XMR here: Then i will remind you that Monero (XMR) has gained popularity for its capacity to enhance user anonymity, making transactions challenging to trace through the utilization of stealth addresses. However, this aligns with a goal that regulators do not necessarily support in the cryptocurrency space. A leaked version of a US draft bill has surfaced, suggesting the elimination of anonymous crypto projects. The proposal also mandates that DAOs, DeFi platforms, and exchanges register legally in the United States. This development indicates a potential shift towards greater regulation and oversight within the industry. My price target for XMR is $96.50. Looking forward to read your opinion about it!
XShort
by TopgOptions
Monero's $130 Threshold: The Make-or-Break for an 80% Upswing💎 Since #XMRUSDT's bounce and rejection of the 78.6% Fibonacci support, coupled with the uptrend trendline, we're seeing the price gravitate towards that trendline once more. This suggests that buying pressure could be ramping up, opening the door to a significant upside potential. 💎 However, this bullish scenario will hold water only if the $130 psychological and technical support level remains unbreached. If this condition is met, we could be looking at a nearly 80% price increase, with #Monero potentially setting its sights on the double Fibonacci resistance at $258. 💎 Our ParadiseClub members should also keep an eye on the nearest resistance at $196, where the 23.6% Fibs intersects with the downtrend trendline. 💎 While less likely, we must also consider the scenario where OMXSTO:XMR breaks below the $130 level. Such a move would be a major red flag for the bulls.
XLong
by MyCryptoParadise
✴️ Monero Long-Term Recovery, Leads To Long-Term GrowthThe bear market bottom was set June 2022 for Monero, XMRUSDT. After this low was hit, we are seeing a long-term recovery phase. We have a strong resistance level around 180. Each time this level is hit it becomes weaker. Monero is on the move again based on this 3D chart. The last two candles closed bullish and the current one is pushing prices above EMA10. This pair is set to challenge 180 again... As soon as 180 breaks, we should see a strong jump take place. Then more consolidation before the next bull-market cycle. Patience is key. Monero is good for the long-term. Namaste.
Long
by MasterAnanda
Corrective CycleIn recent weeks, XMR has demonstrated a persistent trend confined within a defined range. Significantly, it has breached its upward trend line, indicating a shift towards a corrective cycle on the daily time frame. Presently, XMR is trading within the $153 range. Notably, transaction volume has experienced a notable decline, falling below the 30-day average. Monero's price movement is influenced by two support levels, with particular emphasis on the second support range. The first support stands at $147, while the second support lies within the range of $135.7 to $138.8. Sustaining the second support range presents an opportunity for potential price growth, potentially reaching the upper bounds of the weekly channel range around $186. Considering the broader long-term range trend of the Monero currency, favorable market conditions can be anticipated to facilitate substantial growth.
X
by MonoCoinSignal
2
#Monero Bulls Fail To Break $165, Sellers in ControlPast Performance of Monero Monero bulls are struggling at spot rates. Even with the broader market expanding, XMR remains pinned in a bear formation. Presently, resistance is at HKEX:165 , and the coin remains in a bearish shape defined by the bears of early February to mid-March 2023. As it is, support lies at the middle BB, that is, the 20-day moving average, and around $158. #Monero Technical Analysis The path of least resistance from a top-down preview is southwards. Notably, sellers throughout February to mid-March capped the upside. Resistance is at HKEX:165 , while support is $158. The middle BB also serves as a vital reaction line. However, the March 27 bear bar defines the current formation. Although prices floated higher, they couldn’t break HKEX:165 and reverse the losses of March 27. Therefore, conservative traders can watch how prices react at $150. Losses below this level may see XMR drop to HKEX:130 since sellers are in control from an effort versus result perspective. What to Expect from #XMR? Unless there is a sharp, high volume break above HKEX:165 , reversing March 27 losses, sellers will be in control. They will be aligning with sellers in February 2023. Currently, immediate support lines are at HKEX:158 and HKEX:150 , respectively. Resistance level to watch out for: HKEX:165 Support levels to watch out for: HKEX:158 , HKEX:150 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
Monero Road AheadMonero has been trading in a downtrend for a while, and almost strictly within the red shaded (fib .236 - .382) area for 11 months straight. It has a date with destiny soon though, and will either breakout within the shaded triangle area or collapse down to the $145 range. If Monero clears the .382 fib line at $172.60, I really need to see a firm retest. To confirm both the breakout of the downtrend, and the flippening of .382 from strong resistance to support. The .5 fib at $195 will not be as strong as what .382 has been. If Mordinals or larger macro factors hit quickly, $195 will be taken over with little resistance. Entering now at $160 and exit upon passing $195. Targeting $205 for a 28% gain sometime in late April/early May. NFA
XLong
by ChartswithChip
Moreno technical analysis. The huge ascending triangle.There is very slowly forming giant ascending triangle which could potentially peak during2025-2026. Example of an ascending triangle. Notice the flat iupper line and the rising lower line. This is a generally bullish line. (Figure 6.1b "Technical Analysis of the Financial Markets" Page 131) The measurement. The breakout (C) should see a sharp increase in volume, That upper resistance line should act as as support on subsequent dips after the breakout. The minimum price objective is obtained by measuring the height of the triangle (AB) and projecting that distance upward from the breakout point at C. (Figure 6.3a "Technical Analysis of the Financial Markets" Page 136)
KRAKEN:XMRUSD
by Synthacon
3