Technical Analysis

Monero (XMR) Price Prediction: Monero did not strengthen stiffly and fell again

  • The new Ledger Monero app version 1.3.1 is released. This app is available for the Nano X as well.
  • The new XMR app is compatible with the Monero GUI v0.14.1.0 ‘Boron Butterfly’.

Current Statistics:

  • On July 05, at 07:29 UTC, Monero is currently trading at $86.301.
  • At the same time, Monero price (BTC) is 0.00795918 BTC with a market capitalisation of 1,476,019,273 USD.
  • Monero is currently ranked at 14th position in the crypto market.
  • The current Circulating Supply of the coin is 17,070,711 XMR.
  • Additionally, the coin fetched 3,395.34% Return on Investment.
  • The 24-hrs trading volume in Monero (XMR) is 129,312,688 USD.

Comparison:

Monero Price Chart

On June 10, the altcoin was trading around 85.597 USD. However, today after 25-days, Monero (XMR) is trading with a slight hike of 0.82%. Nevertheless, the weekly trading presents a contradictory story. In 7-days of trading, the digital currency has gone down by 11.85%, from the market value of $98.077 on June 29.

Prediction:

According to our prediction, Monero will soon make a bounce back to trade above $100 mark. As far as, the long term is concerned, it might trade around $150 by the end of the year. At the current level, the crypto has immediate support level at $85.93 and the resistance level at $91.397.    

Conclusion:

Although the stiff falling price of Monero is at hold now, the coin is trading in the bearsih zone as of now. A number of new wallets, to store Monero, is released recently and one thing is clear that the trading volume of the coin is going to go up. In a recent survey, Monero is the 2nd most sought after privacy coin after Zcash. As far as trends are concerned, it’s better to hold your horses and let the market do its things for the next couple of days.  

Theresa Louis
6 posts

About author
Theresa Louis is a forex analyst and news editor. She edits news for our team. She also has deep knowledge about cryptocurrencies and guides people in dealing with cryptocurrency exchanges.
Articles
Related posts
Technical Analysis

Verge Price Analysis: With Bears Ruling the Price of Verge (XVG) Is Expected to Slide Down Further

There is no improvement in Verge price as the bears are continuing to push the price in the lower range. Verge coin…
Technical Analysis

EOS Price Analysis: EOS may be traded in the range of $4.66 and $4.81 today, will it bypass its previous best of $7.58?

From the period of 10-June-19 till 26-June-19 the coin has shown very good growth and the trend was bullish. On 23-June-19, the…
Technical Analysis

Electroneum Price Analysis: Electroneum (ETN) might be surging back above the baseline again!

ETN seems to have flushed the 51% attack risk on their network. This week, they launched a major upgrade that speaks about…