MONERO Price Prediction Today: Daily (XMR) Value Forecast – July 29

  • On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $110 and $120 resistance levels.
  • On the other hand, if the bulls fail to break the EMAs, the price will continue to range below the EMAs.

XMR /USD Medium-term Trend: Bullish

  • Resistance Levels: $120, $130, $140
  • Support Levels: $100, $90, $80

Last week the price of Monero was in a range bound move below the EMAs. The bulls failed to break the EMAs after a downward trend correction. On July 7, the bulls tested the $110 price level and were resisted. The market fell and the bears broke below the 12-day EMA and the 26-day EMA to reach the bearish trend zone.

On July 16, the downward trend was corrected at the $74 price level and the bulls made an upward move to break above the EMAs. The bulls were resisted by the 12-day EMA. On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $110 and $120 resistance levels.

On the other hand, if the bulls fail to break the EMAs, the price will continue to range below the EMAs. The price of Monero is in the oversold region of the daily stochastic but above 20% range. This indicates that price is in a bullish momentum and a buy signal.

XMR/USD Short-term Trend: Ranging

On the 1-hour chart, the price of XMR is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally. On July 28, the bulls tested the $82 price level and were resisted.

The crypto’s price fell to the support of the EMAs but it is trading in the bearish trend zone. The price of Monero is in the oversold region of the daily stochastic but above 20% range. This indicates that price is in a bullish momentum and a buy signal.

Live Monero (XMR) Price:

1 XMR/USD =$68.1360 change ~ 1.78%

Coin Market Cap

$1.2 Billion

24 Hour Volume

$26.98 Million

24 Hour VWAP

$67

24 Hour Change

$1.2140

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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