Convergence

Monero

Divergence

Coin

<p>The post <a href="https://coinpedia.org/price-analysis/monero-price-jumps-10-today-will-xmr-price-reclaim-200/">Monero Price Jumps 10% Today! Will XMR Price Reclaim $200?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After recording a bearish action on Wednesday, the cryptocurrency market has experienced a strong bullish recovery by adding over 3% to its portfolio within the past 24 hours. Further, the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">BTC price</a> has reclaimed the $67,000 mark.</p> 
<p>Following this, the Monero price has recorded a significant uptrend in its respective portfolio. This highlights an increase in the buying-and-selling pressure for the altcoin in the crypto space. With the ongoing market sentiments, will <a href="https://coinpedia.org/price-prediction/xmr-monero-price-prediction/" target="_blank" rel="noreferrer noopener">Monero price</a> hit $200?</p> 
<h2 class="wp-block-heading" id="h-xmr-coin-price-successfully-retests-its-important-support">XMR Coin Price Successfully Retests Its Important Support:</h2> 
<p>With the increased price volatility in the crypto space, the Monero price has recorded a jump of 9.51% within the past day with a trading volume of $130.26 Million, a change of +68.88%. Further, it has added 5.12% within the past week and has a YTD return of over 2%.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe4sMvpiRUEh2SRbIhJfgGjHdz2cP2ymau0cXxukpYQi6JjsGvN8xE1DZoLpYkfVDYT822wO9ucJd7k4hs_Mpcu8RV9a9CUc39kwrcOFOtHKCHDVPPDY6uVoKgFtgHxOBxUqVevpXblQCFJI9nsuCU4SOhB?key=J8Nlq7kSS65UDn5gO7rkbQ" alt="Monero Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: XMR/USDT
 </figcaption>
</figure> 
<p>Notably, this altcoin is currently trading at a discount of 67.13% from its ATH of $517.62. With a trading price of $169.21, the <a href="https://markets.coinpedia.org/monero/" target="_blank" rel="noreferrer noopener">XMR crypto</a> has secured the 28th position with a market capitalization of $3.107 Billion.</p> 
<p>The 50-day EMA constantly acts as a support to the price chart in the 1D time frame, indicating a strong bullish sentiment in the crypto market.</p> 
<p>The Moving Average Convergence Divergence (MACD) displays a constant green histogram with its averages recording a bullish action. This highlights a positive outlook for the Monero price in the cryptocurrency market.</p> 
<h2 class="wp-block-heading" id="h-how-high-will-xmr-go">How High Will XMR Go?</h2> 
<p>If the crypto space continues trading under a bullish sentiment, the Monero crypto will head toward its resistance level of $181. Maintaining the price at that level will set the stage for the XMR coin price to test its upper resistance level of $200.</p> 
<p>Conversely, if a trend reversal occurs, the Monero price will break down its support of $162.50 and prepare to test its lower support level of $144.25 during the upcoming weeks.</p>

Monero Price Jumps 10% Today! Will XMR Price Reclaim $200?

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Інші статті, опубліковані 26 лип. 2024 р.

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