Monero (XMR) dropped below the strong support at $134 on May 12 but the bears could not sustain the lower levels. This suggests aggressive buying on dips. The price has recovered sharply to the 20-day EMA of $179. If bulls push and sustain the price above the 20-day EMA, the XMR/USDT pair could rise to the overhead resistance zone between the 200-day SMA of $202 and the 50-day SMA of $212. The bears are expected to mount a strong defense in this zone. If the price turns down from this zone, but bulls arrest the subsequent decline at the 20-day EMA, it will suggest a potential change in trend. Conversely, if the price turns down from the current level, the bears will try to pull the pair to $150 and thereafter to $134. The 4-hour chart shows the formation of higher lows and higher highs. The bears tried to pull the price below the 50-SMA but the bulls defended the level successfully. This suggests a change in sentiment from selling on rallies to buying on dips. The pair could next rally to the 200-SMA where the bears may offer a strong resistance. If bulls overcome this barrier, the pair could rally to $225. Contrary to this assumption, if the price turns down and breaks below the 50-SMA, the pair could slide to $150. A break below this level could challenge the strong support at $134
March 6, 2022
Monero (XMR) has been correcting inside a descending channel for the past several weeks. The bulls are buying the dips to $134 and attempting to form a basing pattern. This has resulted in a consolidation between $134 and $188 for the past few days. The 20-day EMA ($164) has flattened out and the RSI is close to the midpoint, indicating a balance between supply and demand. This equilibrium will shift in favor of the buyers if they push and sustain the price above $188. That will complete a double bottom pattern, which has a target objective at $242. However, the rally is unlikely to be easy as the bears are expected to mount a strong defense at the resistance line of the channel. Contrary to this assumption, if the price turns down and slips below $155, the bears will attempt to pull the XMR/USDT pair to $134. The 4-hour chart shows that the bulls pushed the price above the downtrend line but could not sustain the higher levels. This indicates that the bears are aggressively defending this level. The moving averages are flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. If the price turns down and slips below $155, the short-term trend could turn in favor of the bears. Conversely, a close above the downtrend line could improve the prospects of a possible rise to the overhead resistance at $188.
October 11, 2021
Monero (XMR) rose above the 50-day SMA ($271) on Oct. 5 and reached the downtrend line on Oct. 6. The bears are aggressively defending the downtrend line for the past few days but a minor positive is that bulls have not allowed the price to dip back below the 50-day SMA. The 20-day EMA ($263) is sloping up gradually and the RSI is in the positive zone, indicating a minor advantage to buyers. A break and close above the psychological mark at $300 could open the doors for an up-move to $325 and then to $339.70. On the contrary, if the price turns down and breaks below the 20-day EMA, it will suggest that short-term traders may have dumped their positions. That could pull the price down to $250 and later to $225. The bulls have repeatedly pushed the price above the downtrend line but the bears have not allowed the pair to sustain above it. The 20-EMA has flattened out and the RSI is close to the center, suggesting a balance between supply and demand. If the price breaks below the 50-SMA, the short-term bulls may rush to the exit. That could pull the price down to $260 and next to $250. Conversely, if bulls push the price above $286.8, the pair could rise to $296.80. The bullish momentum may pick up if bulls thrust the price above this resistance.
July 21, 2020
The increase in demand for alternative cryptocurrencies with low capitalization has been clearly visible in the dynamics of altcoins in recent times. The demand for small coins demonstrates that crypto market participants still have hope of finding the next "unicorn". Probably, this demand has retail roots, as the interest of institutions is focused on the most liquid instruments.
April 21, 2020
I really think that XMR is a long-term hold. Privacy coins had their time in the sun, but they’ve become irrelevant since no one cares if you can hide your money. Everyone is focused on projects that are partnering with banks, not shunning them. Of course, there’s always a place for black market money, but investors aren’t going to park it in Monero. This is why the current valuation is either right where it should be or too high. Until privacy coins can see actual use, then there’s no reason to rush towards projects like XMR.
October 6, 2019
XMR definitely has everything that's needed to be everyone's favorite altcoin. I guess, there's no need to mention the total anonymity of transactions in this private coin and its superior security. Monero has also been doing quite well on the profit-granting front, showing strong gains, as opposed to its competitors Dash and ZCash. Also, XMR has good resilience to the drops in the BTC price that usually exerts a direct impact on the entire cryptocurrency market.
April 14, 2019
This is the place to park your money. The IRS along with every financial agency is going to try tax crypto like crazy. Once the market stabilizes, and the price stops moving so crazy I’ll put every cent i have into XMR. XMR is revolutionary because its the digtal age’s cash. Just as we put cash under our matress, we can stash our Monero into our digital wallet way from the eyes of blockchain analytics and the tax man.
March 25, 2019
Monero is the one privacy coin to watch now that the other anon coins have mooned. XMR has been down for a long time, and all if its charts from weekly to daily show that it's gearing up for a big move in the green. Besides network upgrades and a strong community, investment interest is rising for XMR. This is a smart coin to hold well into 2020.
March 8, 2019
XMR isn't that good of a privacy coin. It's not even fully private like Zcash and zk-SNARKs. XMR works by diss. tactics, which don't defend anyone from blockchain analysis methods. This means you're not actually anonymous when transferring funds on the XMR blockchain. If you really are trying to hide your funds, best to go through a zk-SNARKs level protocol. These will actually hide your funds and you won't have someone looking into your account. Blockchain snooping is on the rise and you can bet that all banks will start using them. Crypto taxes are soon going to go into effect so its best to put your coins somewhere safe.
February 24, 2019
So I just read that Monero has already been 90% mined. This means that the remaining XMR will be completely mined by the first half of 2022. This is huge news for anyone holding XMR at this point. All the XMR that will ever exist is coming to an end in a little over 2 years, and that's significant. Regardless of Crypto Winter, XMR hodlers will pull through with patience.
January 5, 2019
not all the exchanges bother with the restoration of funds lost in this way. I remember when I made my acquaintance with Monero, there were similar problems, but then I didnâ€™t know many exchanges, so I sat on one Cryptopy. Well, a friend transferred some monero to my wallet, and I made a fool to transfer to the exchange without an ID, but the exchange went to meet me and somehow I found a transaction
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