Monero [XMR] Technical analysis and price prediction 2018, 2020
The crypto market is recovering from the bear battle that hit the market on Thursday. Major cryptocurrencies which were exhibiting double digit losses during the crash is now down by less than one percent. Monero [XMR] which lost over $200 million in the crypto market crash have found support at $103.96.
XMR prices seems to have found stability at $102.964 and is on a stable trend. The prices have broken out from the support level twice but rose back to trading at around the support level. An equal buyer and seller pressure is spawning a stable trend and keeping XMR away from its resistance level traced at $114.93. The MACD is in the bearish zone but seems to be edging over to the bullish zone. The 100 EMA line trading at $ 106.25 is showcasing a downtrend. The coin is currently trading $103.6 and is rising against USD by 1.79%.
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.
Monero Latest Updates
Monero is all set to undergo a network update on October 18. The upgrade will introduce a new hard fork into the ledger, which could help in improving network efficiency, and tweak Monero’s proof-of-work algorithm, which would make it more ASIC resistant than ever.
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