Monero [XMR] Technical Analysis and Price Prediction 2018, 2020

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As the crypto market recovers from a bear storm Monero [XMR] can be seen struggling to shrug off seller pressures to resume trading on an uptrend. It is currently testing support at $110.274 and is eyeing the $115 mark.

XMR/USD

XMR prices started tumbling after it reached the intraday high at $119.108. Buyers took over and the prices found support at $109.937.  XMR is currently changing hands at $112.310 and is dipping by 4.27% against USD. The prices are inching closer toward the 100 EMA line trading at $119.09. MACD suggests that the prices are yet to move over to the bullish zone.

Monero [XMR] Technical Analysis and Price Prediction 2018, 2020-BCFocus

XMR/BTC

Currently, XMR is slipping against BTC by 1.22% and one XMR is equivalent to 0.01745 BTC.

Monero [XMR] Price Prediction 2018, 2020

  • Profitconfidential has forecast that the altcoin could reach around $350-$400 by the end of 2018.
  • According to Smartereum, experts believe XMR could reach $650 by the end of 2018. The coin is expected to trade at around $2,000 in five years.
  • Longforecast expects the digital currency to trade in the range of $554-$638 in April 2020 and will go up to $810-$945 by December 2020.

Monero Latest Updates

  • Changelly, a crypto trading platform withheld hundreds of Monero transactions owing to suspicious transactions. The exchange said that this measure was taken due to high-risk KYC concerns that came about when there was a marked increase in the number of money laundering cases.
  • Monero wallet was hacked by a malicious Google chrome extension which stole private keys from the wallet to access user’s account related information and steal coins from their account.

See Also: Qtum [QTUM] technical analysis and price prediction 2018, 2020

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