Monero

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>XMR price showcased a bullish move and persisted in extending the gains.</a></li>
 <li><span>2</span> <a>XMR coin witnessed massive buying momentum on the charts.</a></li>
</ul>
<p>Monero (XMR) price showcased a breakout of the symmetrical triangle and continued to extend the gains steadily. Monero coin is now approaching the bullish trajectory and is trying to fly above the round mark of $200. Meanwhile, the Monero coin formed a falling channel. Technicals suggest that XMR price will surpass the barrier of $200 and will reach the swing highs of $250.&nbsp;</p>
<p>XMR price is trading above the key moving averages and is highlighting bullishness. XMR price is trading close to the upper neckline of $190 and will reach the blue skyzone above $200 soon.</p>
<p>The live price of Monero (XMR) is $174.22, with an intraday gain of 2.07%, showing neutrality on the charts. Moreover, the trading volume increased by 2.80% to $99.26 Million. However, the pair of XMR/BTC is at 0.00451 BTC, and the market cap is $3.13 Billion. Analysts have maintained neutrality and suggest a growth outlook for the upcoming sessions.</p>
<h2 class="wp-block-heading" id="strong-will-monero-xmr-price-reach-200-strong"><strong>Will Monero (XMR) Price Reach $200?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/WL_lMHQdT8U_MVZJ4ohX47OnoUcDHVIxw5iOUY2S4xWKR1JSpZPJRfp5jnpPWVM1WR2HRnYku-sJ_1rViol6wGM7eXYxGBLasgBlVkXyRRzgiZZVwdH0s6767OWxG01dHf7kX_BDRQv_VDc1jeGnF4c" alt="Monero Price Prediction: Will XMR Price Surpass Barrier of $180?">
  <figcaption class="wp-element-caption">
   Source: XMR Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily chart, XMR price showcased a breakout of the symmetrical triangle pattern, and buyers held the gains decisively amid the rejection from the supply zone. However, the XMR coin is pausing the gains now and retracing in the last sessions. Moreover, the investors are keeping an eye on the XMR coin and waiting to cross the mark of $190 to make fresh long positions.</p>
<p>The RSI curve is above neutrality near 68 and showed a positive divergence, suggesting a favorable bullish outlook for the upcoming sessions.</p>
<p>The MACD indicator showed a bullish crossover and formed green bars on the histogram, suggesting that XMR may skyrocket soon.</p>
<h2 class="wp-block-heading" id="strong-weekly-charts-shows-range-bound-moves-strong"><strong>Weekly Charts Shows Range Bound Moves</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/42h41AFMwSwlsZ1jD5Sgd7YYCyjIdXY9o7b8YFU1JIYIGVlruYf8XWUOIawvjWIvnT7K8hKt9X-jkkmF8js_BagaERaBicAzoo1UkinlkD4lQgqjEoQqbVxaQnaxXWjsBzGXxlRGuzPyvJBp3UeugRQ" alt="Monero Price Prediction: Will XMR Price Surpass Barrier of $180?">
  <figcaption class="wp-element-caption">
   Source: XMR Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, <a href="https://www.thecoinrepublic.com/2023/11/18/monero-price-forecast-a-long-term-investment-worth-considering/" rel="noopener noreferrer nofollow">XMR price</a> was showing a range-bound move and witnessed roller coaster moves in a narrow range between $120- $160. It is now exiting the range. However, the upper neckline of $190 is yet to be escaped, and buyers are looking strong now. XMR coin surpassed the 50% Fibonacci retracement zone and is close to the 61.8% zone above the mid bollinger band.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>Monero (XMR) price approached the bullish territory and surpassed the key moving averages, highlighting bullish dominance. Moreover, the price action shows that the XMR coin will register a breakout above the prompt hurdle of $190 and will reach $250 by the end of 2023.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $180 and $170</p>
<p>Resistance Levels: $200 and $220</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

Monero Price Prediction: Will XMR Price Surpass Barrier of $180?

Table of Contents

Thecoinrepublic.com

Other articles published on Nov 25, 2023

Zscaler Amplifies Leadership Team with Key AI and Data Expertise

Axie Infinity unveils NFT monetization solution, official merchandise

Fake Elon Musk YouTube Streams Lead To $165k Crypto Scam

Record of Ragnarok Continues to Thrill

SHIB Burn Rate Plunges 40% Amid Shiba Inu Price Surge

Polkadot Signals Major Shift With Parachain Auctions End

Join our free newsletter for daily crypto updates!