While most of the main altcoins are struggling to overcome the selling pressures that currently plague the market, Monero [XMR] managed to stay in the green. The currency rose to as much as $ 120.73, which marks its highest level in over a week. The crypt has managed to see its value increase significantly in the last days, with the XMR gaining 5.8 percent over the last seven days. The digital asset has seen its scalar value of 33.3 percent more in the last month.
XMR / USD
Altcoin initially found support for $ 113.07, after which it continued its steady rise to the $ 120 mark. The digital asset suffered a break very marginal compared to the current resistance level, which can be found at $ 119.11. The crypt is trying to keep its price above the $ 120 level.
At the time of writing, the 100 EMA line indicated that the currency was rising. The MACD showed that XMR was experiencing a bullish moment. The RSI hourly indicator is currently at 65.5, which shows that the crypt is close to being considered overbought. The token was exhibiting a significant trading range of $ 115.72- $ 119.80. As of 0726 GMT, the virtual currency had increased by 3.8% compared to the US dollar to trade at $ 119.27.
XMR / BTC
The digital currency, at the time of writing, had risen by 4.8% against BTC. At present, an XMR equals approximately 0.0184 BTC.
Monero [XMR] Prediction 2018, 2020
- According to Smartereum, experts believe that XMR could reach $ 650 by the end of 2018. The encryption will probably be around $ 2,000 in five years.
- Profitconfidential believes that virtual currency could reach about $ 350- $ 400 by the end of this year.
- Longforecast expects the digital currency to reach a value between $ 554 and $ 638 in April 2020 and will rise to $ 810- $ 945 by December 2020.
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