Home / Others / Monero [XMR] Technical analysis and forecasting of prices 2018, 2020

Monero [XMR] Technical analysis and forecasting of prices 2018, 2020

Monero [XMR] Technical analysis and forecasting of prices 2018, 2020 24625

After a sharp rise in prices, Monero [XMR] seems to have returned to trade around $ 114. XMR was up 7% on the market and traded around $ 120. Prices were seized by a strong sellers storm and returned to trade below $ 112. Prices today they seem to have found support for $ 114.06.

XMR / USD

XMR prices have reached stability at $ 114 and are trying to get away from the resistance level plotted at $ 115. Prices seem to be stuck in the bearish zone as sellers are winning a tight battle against buyers. The MACD is close to the margin towards the bullish zone. The 100 EMA line at $ 115.67 shows a stable trend. The currency is currently trading at $ 14.86 and is increasing against the USD by 0.17%.

Monero [XMR] Technical analysis and price forecast 2018, 2020-BCFocus

XMR / BTC

Currently, XMR is down 0.33% compared to BTC and an XMR is equivalent to 0.01739 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.

Latest updates of Monero

  • Crypto researchers invited the Monero community to donate their XMR tokens to protect their XMR wallets. Security will be the main objective of the research.
  • The Monero developers have patched a bug that would affect exchanges, merchants and services. A software patch has been privately distributed to trades and traders.

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See also: The SEC of the United States reveals the progress made on the Bitcoin ETF proposal; set the deadline for comments

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