Monero Technical Analysis: XMR struggles to break out from $90 resistance – BCFocus

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Monero

The crypto market is recovering from yesterday’s bear storm. Most coins have resumed trading in an uptrend. Bitcoin is back to trading in green and is up by 1.47%. Monero [XMR] prices are facing strong resistance at $90 which is preventing it from resuming an uptrend.

XMR/USD

Monero [XMR] prices is recovering from the bearish dip and has regained over $100 million in market value. XMR has found support at $84.079 and is struggling to gain an uptrend as the prices are struggling to breach the current resistance level traced at $90. Buyers can be seen gradually winning over sellers in the market. The MACD signifies a bearish momentum for the coin. The 100 EMA line trading at $96.069 is exhibiting a downtrend, The coin is currently exchanging at $88.24 and is gaining against USD by 4.47% with a market cap of $1.46 billion.

XMR Chart

XMR/BTC

The cryptocurrency is winning against BTC by 2.02%. At press time, one XMR is equivalent to 0.01574544 BTC.

Monero [XMR] Price Prediction 2018, 2020

  • According to Smartereum, experts believe XMR could reach $650 by the end of 2018. The crypto will likely trade at around $2,000 in five years.
  • Profitconfidential believes the virtual currency could reach around $350-$400 by the end of this year.
  • Longforecast expects the digital coin to trade in the range of $554-$638 in April 2020 and will go up to $810-$945 by December 2020.

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