Monero [XMR] prices has been falling since the start of the day and battling strong bears to resume trading in an uptrend. XMR is trading in a tight trading range traced from $104.86 to $106.78 and has breached the key support level found at $106.
Monero prices are on a downtrend today as the prices have been falling without finding support. The RSI suggests that the coin is closing in on oversold levels. The MACD has edged over to the bearish zone indicating a bearish momentum for the prices. The coin prices are eyeing $110, however, a severe seller pressure is stopping it from reaching the current resistance level traced at $105.5. The 100 EMA line trading at $$104.18 is representing a downtrend. XMR is currently exchanging hands at $105.32 and is losing against USD by 1.39%.
XMR Price Prediction 2018, 2020
- Profitconfidential has predicted that the crypto could reach around $350-$400 by the end of 2018.
- According to Smartereum, the crypto is expected to reach $650 by the end of this year. The five-year forecast for the coin is around $2,000.
- Longforecast expects the digital asset to trade in the range of $554-$638 in April 2020 and will go up to $810- $945 by December 2020.
XMR latest updates
- The average transaction fees of Monero was dropped to 2 cents, according to Coinmetrics.io, one of the Cryptoasset Analytics. The reason behind the drop is Bulletproof hardfork that happened on October 18. Following the slash in the transaction fees, the prices rose by 4% in a bearish crypto market.
Image via Shutterstock
Join our Telegram group