MONERO Price Prediction Today: Daily (XMR) Value Forecast – July 8


  • On June 24, XMR/USD pair reached a high of $120 overhead resistance but was resisted.
  • The coin is trading in the 0.50 Fib. retracement level. If the bulls defend that zone, the crypto’s price is likely to rise.

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 bullish trend. The crypto had been in a bullish trend since June 10. On June 24, XMR/USD pair reached a high of $120 overhead resistance but was resisted. The XMR market had a downward correction to the support level at $90 price level. The bulls made attempt to pulled back price above the EMAs but were resisted. The bears made a final push to a low at $88 price level.

At the support of the $88 price level, the bulls made an upward move above the EMAs. From the Fibonacci tool, the crypto’s price has broken the continuation and downtrend zones of Fib. retracement level. The coin is trading in the 0.50 Fib. retracement level. If the bulls defend that zone, the crypto’s price is likely to rise. The price of Monero is in the oversold region of the daily stochastic but above 40% range. This indicates that price is in a bullish momentum and a buy signal.

XMR/USD Short-term Trend: Bullish

On the 1-hour chart, the price of XMR is in a bullish trend. The 12-day EMA and the 26-day EMA are trending upward. The crypto’s price is in a smooth uptrend. Today the price of Monero tested the $108 price level twice and was resisted.

The price fell as the bears broke the EMAs to a low at $102 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 =$207.5439 change ~ -0.44%

Coin Market Cap

$3.71 Billion

24 Hour Volume

$67.6 Million

24 Hour VWAP

$208

24 Hour Change

$-0.92

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

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide