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MONERO (XMR) Daily Price Forecast – February 11

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XMR/USD Medium-term Trend: Ranging

  • Resistance levels: $52, $54, $56
  • Support levels: $42, $40, $38

XMR/USD market worth has been choppily trading within $50 and $46 marks since the trading sessions commence this week. After a long range of price movements last week, the crypto like most others in its category swung northwards to approach $50 mark on February 8.

The Bollinger Middle Band is located between $48 and $46 levels as price has also been hovering within them. The 50-day SMA is found around $44 level while the Bollinger Bands are situated over it. The Stochastic Oscillators have slightly dipped into the oversold zone to probably suggest the weakness of bears in the market.

Price levels towards the 50-day SMA indicators may now be used by bulls to conveniently launch a coming back into this crypto-trade.

XMR/USD Short-term Trend: Bearish


The market worth of XMR/USD has been on a relative decline in the short-term run in the last couple of hours today. Yesterday, there was a notable increase during the trading sessions as the pair managed to record a high point slightly over $49 mark.

As at now, the market has been trading around $47 level. The Bollinger Middle Band and the 50-day SMA are also almost conjoint at the aforementioned spot. The Stochastic Oscillators appears to have briefly opened hairs below range 20 in the oversold zone. That could possibly be a signal for seeing more ups than downs in this crypto-trade.

If the bulls lack the catalyst to break and hold above the 50-day SMA, then bears may have to press down the market in their own direction.

Source.bitcoinexchangeguide

Monero

Monero Optimistic Prediction: XMR Is Expected To Cross $100 In The Next Two Weeks

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At the moment of writing this article, Monero (XMR) is trading in the green on CMC and the privacy-oriented coin is priced above $86.

Optimistic XMR price predictions ahead

The coin has shown more stable trends during the past few months, but the coin is seen to head towards an upward surge, and it may cross $100.

CryptoNewsZ writes that “The current price statistics of the coin also indicate bullish trends, and it may cross $90 by the end of today. The next week can be all about crossing $95 and then $97 to head towards bigger goals.”

The online publication’s prediction is pretty optimistic.

They say that XMR is moving very slowly as the coin was not able to cross the $97 target during the past few days.

They also note that all of this is a part of a strategic preparation to make it big.

This may happen soon as the coin passes the $100 target. The online publication concludes: “It is the best time to plan long term investments in the XMR token for higher benefits.”

Best time to buy XMR

More crypto experts have been saying that now it may be the best time to buy Monero.

Another important online publication, Smaretreum wrote not too long ago that “Analysts and traders in the crypto market usually see these periods of little activities as the best time to accumulate before the next big move takes place.”

More experts noted that long-term investors should consider buying the dip now because the Monero uptrend remains strong.

More than that, it’s also extremely important to mention the fact that the Monero development team managed to make huge privacy enhancements over the years and they will continue to do so.

The crypto market has been very volatile lately, but fortunately, today, the most important crypto assets are trading in the green.

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Monero

Monero Price Analysis: XMR May Cross $100 in the Next Two Weeks

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  • XMR may come out of the loop to trade above $100 soon
  • XMR may close the day trading above $90

Monero may have shown some stable trends in the last few months, but the coin is seen to head towards upward surge and may cross $100 value soon. The current price statistics of the coin also indicate bullish trends, and it may cross $90 by the end of today. The next week can be all about crossing $95 and then $97 to head towards bigger goals.

XMR to USD Price Statistics:

As on August 18, 2019, at 08:30:36 UTC, the price of XMR token is noted to be $81.92 and the coin has recorded an uptrend of over 4% in the last one month rising from $78.08 to its current value. XMR moved between $78 and $87 for a larger part of the past days but picked up some pace at the beginning of August to surge as high as $97.72. It has slumped since then and also hit $74.42 in between but is seen to gaining some pace again.

Monero price chart August 18
  • The price of XMR token is now $81.92 and 0.00806682 BTC
  • The market cap of the coin is now $1,405,400,628
  • The 24 h volume has reached $68,183,214
  • The ROI of the coin stands at 3,208.59%
  • The circulating supply is now 17,160,689 XMR

Yesterday the lowest recorded value of XMR token was $81.04 and the highest was $83.70. The highest recorded value of the coin in the last 7-days was $92.34 and it may start to trade above it in the next few weeks.

Monero Price Prediction:

Monero may seem to move very slowly as the coin has not been able to cross $97 target in the last few days, but it is all part of a strategic prep up to make it big. This may happen very soon when the coin moves past $100 target and starts trading above it in the next few weeks or by early next month.

Conclusion:

It is the best time to plan long term investments in the XMR token for higher benefits.

Source.cryptonewsz.

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Monero

Monero Price Analysis: XMR May Cross $100 in the Next Two Weeks

Published

on

  • XMR may come out of the loop to trade above $100 soon
  • XMR may close the day trading above $90

Monero may have shown some stable trends in the last few months, but the coin is seen to head towards upward surge and may cross $100 value soon. The current price statistics of the coin also indicate bullish trends, and it may cross $90 by the end of today. The next week can be all about crossing $95 and then $97 to head towards bigger goals.

XMR to USD Price Statistics:

As on August 18, 2019, at 08:30:36 UTC, the price of XMR token is noted to be $81.92 and the coin has recorded an uptrend of over 4% in the last one month rising from $78.08 to its current value. XMR moved between $78 and $87 for a larger part of the past days but picked up some pace at the beginning of August to surge as high as $97.72. It has slumped since then and also hit $74.42 in between but is seen to gaining some pace again.

Monero price chart August 18
Monero Price Chart by Trading View
  • The price of XMR token is now $81.92 and 0.00806682 BTC
  • The market cap of the coin is now $1,405,400,628
  • The 24 h volume has reached $68,183,214
  • The ROI of the coin stands at 3,208.59%
  • The circulating supply is now 17,160,689 XMR

Yesterday the lowest recorded value of XMR token was $81.04 and the highest was $83.70. The highest recorded value of the coin in the last 7-days was $92.34 and it may start to trade above it in the next few weeks.

Monero Price Prediction:

Monero may seem to move very slowly as the coin has not been able to cross $97 target in the last few days, but it is all part of a strategic prep up to make it big. This may happen very soon when the coin moves past $100 target and starts trading above it in the next few weeks or by early next month.

Source:ourbitcoinnews

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