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- Monero (XMR) price is trading below the 50 day and 100 day EMA.
- Monero (XMR)the current market price of XMR is $139.65.
- The market cap of Monero coin is $2.5 Billion.
The XMR coin is in a downtrend and is making lower lows. The Monero coin is making a bearish pattern.
The XMR coin has a market cap of $2.5 Billion and the coin is currently trading at $139.5 with a decline of 1.25% in today’s market session.The open interest of the Monero coin is $36.31 Million. The OI has declined by over 3.8% as of 5 September 2023.
The coin has hit a 52-week high of $187.2 and the 52-week low of $116.10. The volume of the Monero coin is $58 million. The total supply of Monero coins is 18,327,696 XMR.
Monero (XMR) made an all time high of $517.62 on 17 May 2021. After this the price started declining. The price fell by almost 73%.
Monero coin is currently trading near to an all-time low levels. The Monero price is making a weak structure and the probability of the price moving downward is higher.
The volume of the Monero coin is going down which means that sellers are more active and taking fresh positions. This can be bad for the Monero coin.
Monero (XMR) Coin Price Prediction
EMA
Monero coin is now trading below the 50-day and 100-day EMA levels. This is a negative indication. The price is forming a weak structure and the further price decline is expected in the upcoming days,
MACD
The MACD line for the Monero (XMR) coin is trading below the signal line. There is also a red histogram formation in the Monero coin. This suggests that the Monero (XMR) coin is currently in a bearish trend and the prices may fall in the near future.
RSI
The 14-day SMA line and the RSI line of the Monero coin are close to the 30 level. The weak RSI line for Monero coins indicates that the price will fall in the near term.
Conclusion
As per the analysis, the price of Monero coin is declining. The coin has lost major volume. The indicators are also negative on the Monero coin.
Hence, the coin is likely to fall as the overall structure is negative.
Technical Levels
- Support Level: $107
- Resistance Level: $188
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
