XMR Poises for Breakdown Below $150, TAMA, Buy and Buy Long!

The Monero price prediction shows that XMR is recording another downtrend of 4.70%, in the last 24 hours as the coin declines heavily.

Monero Prediction Statistics Data:

  • Monero price now – $146
  • Monero market cap – $2.6 billion
  • Monero circulating supply – 18.1 million
  • Monero total supply – 18.1 million
  • Monero Coinmarketcap ranking – #6

XMR/USD Market

Key Levels:

Resistance levels: $180, $190, $200

Support levels: $125, $115, $105

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XMR/USD is currently following the downward movement as the coin drops to a $145 low today. The Monero price is sliding below the 9-day and 21-day moving averages, aiming to cross below the lower boundary of the channel. The technical indicator Relative Strength Index (14) indicates increasing bearish momentum as the signal line moves to cross below the 40-level, indicating that the market sentiment may continue to be bearish.

Monero (XMR) Plunges; Tamadoge (TAMA) Keeps Performing Well

As the daily chart reveals, the Monero price keeps changing below 9-day and 21-day moving averages where it faces down. However, if the Monero price rises and break above the 9-day and 21-day moving averages, the coin may begin a new upward movement to retest its previous high.

However, the nearest resistance levels might be located around $180, $190, and $200 while the support levels could be found at $125, $115, and $105 respectively giving a low trading volume.

When compares with Bitcoin, the Monero price is likely to drop below the 9-day and 21-day moving averages. However, if the Monero price faces the negative side, the next support level may surface below the lower boundary of the channel after which it could locate the further key support level at 6500 SAT and below.

XMRBTC – Daily Chart

However, on the upside, if the bulls can regroup and continue to move above the 9-day and 21-day moving averages, the coin could face the 7500 SAT resistance. Any further bullish movement may hit the resistance level at 8000 SAT and above while the technical indicator Relative Strength Index (14) moves averagely below the 60-level and crossing to the downside may bring more bearish pressure into the market.

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