MONERO Price Prediction Today: Daily (XMR) Value Forecast – July 1
- The price of Monero is now in a downward correction as the price approach the previous low of $84.
- The crypto had been in a bullish trend since June 10. The bulls reached a high of $120 and were resisted.
XMR /USD Medium-term Trend: Bearish
- Resistance Levels: $120, $122, $124
- Support Levels: $114, $112, $110
Last week the price of Monero was in a bullish trend. The crypto had been in a bullish trend since June 10. The bulls reached a high of $120 and were resisted. The price of Monero is now in a downward correction as the price approach the previous low of $84. The bearish trend has eroded the bullish gains of the previous trend. A bearish trend line is drawn to determine the duration of the bearish trend.
Presently, the bearish trend is ongoing. A bearish trend is ongoing if the trend line is unbroken. On the other hand, the bearish is said to be terminated, if the trend line is broken and another candlestick closed on the opposite of it.
From the Fibonacci tool, the crypto’s price has broken the continuation and downtrend zones of Fib. retracement level. The price of Monero is in the overbought region of the daily stochastic but above 80% range. This indicates that price is in a bullish momentum and a buy signal.
XMR/USD Short-term Trend: Bearish
On the 1-hour chart, the price of XMR is in a bearish trend. The 12-day EMA and the 26-day EMA are trending southward. On June 30, the bulls were resisted at the $100 price level. The price fell below the EMAs to a low at $88 price level.The price of Monero is in the oversold region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal.
Live Monero (XMR) Price:
1 XMR/USD =$423.1158 change ~ 3.46%
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