Monero [XMR] technical analysis and price prediction 2018, 2020

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The crypto market seems to be caught in a bearish trend as most coins are trading in red. Monero [XMR] is one of the two major cryptocurrencies that is trading in green along with Ripple’s XRP. Monero charts are exhibiting equal buyer and seller pressure effecting consolidation for XMR prices.

XMR/USD

XMR prices seems to have stability at $106.97 as it has traded around that range for two continuous days. The MACD signifies a bearish trend for the coin as the crypto seems to be sticking to trading around its support level found at $106.8. The prices are eyeing $108 handle. The 100 EMA line trading at $107.82 represents a downtrend. XMR is currently exchanging hands at $106.96 and is rising against 0.30%.

Monero [XMR] technical analysis and price prediction 2018, 2020-BCFocus

XMR Price Prediction 2018, 2020

  • Profitconfidential has predicted that the crypto could reach around $350-$400 by the end of 2018.
  • According to Smartereum, the crypto is expected to reach $650 by the end of this year. The five-year forecast for the coin is around $2,000.
  • Longforecast expects the digital asset to trade in the range of $554-$638 in April 2020 and will go up to $810- $945 by December 2020.

XMR latest updates

  • The average transaction fees of Monero was dropped to 2 cents, according to Coinmetrics.io, one of the Cryptoasset Analytics. The reason behind the drop is Bulletproof hardfork that happened on October 18. Following the slash in the transaction fees, the prices rose by 4% in a bearish crypto market.

See also:

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