Monero Technical Analysis: XMR struggles to get out of the resistance $ 90 – BCFocus



The crypto market is recovering from yesterday's bear storm. Most of the coins have resumed trading in an uptrend. Bitcoin has returned to trading in green and has increased by 1.47%. Monero [XMR] prices are facing a strong resistance to $ 90 that prevents it from resuming an uptrend.


Monero [XMR] prices are recovering from the bearish decline and have repurchased over $ 100 million in market value. XMR has found support at $ 84,079 and is struggling to get a bullish trend as prices are struggling to outlive the current resistance level plotted at $ 90. Buyers can be seen gradually conquering sellers in the market. The MACD indicates a bearish momentum for the currency. The 100 EMA line at $ 96.069 shows a downward trend, the currency is currently trading at $ 88.24 and is gaining against the US dollar of 4.47% with a market capitalization of $ 1.46 billion.

XMR chart


The cryptocurrency is winning against BTC of 2.02%. At the time of printing, an XMR is equivalent to 0.01574544 BTC.

Monero [XMR] Price forecast 2018, 2020

  • According to Smartereum, experts believe that XMR could reach $ 650 by the end of 2018. Encryption will probably trade around $ 2,000 in five years.
  • Profitconfidential believes that virtual currency could reach around $ 350- $ 400 by the end of this year.
  • Longforecast predicts that the digital currency will reach a value of between $ 554 and $ 638 in April 2020 and will rise to $ 810- $ 945 by December 2020.

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