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Monero Price Analysis – XMR price Eyeing Fresh Increase

From past 2 days Bitcoin price showcased a massive flood of buying pressure and enabled it to overcome its previous resistance levels, reaching $12,000. Following the leading cryptocurrency Bitcoin many altcoins are showing  bullish trend. At present, Bitcoin and Monero are the leading in terms of gains followed by Litecoin and Bitcoin SV.

According to Coinmarketcap, The monero coin is currently holding 10th position trading at 

$96.25 with 4.38%. In terms of XMR/BTC the coin is trading at 0.00790255 BTC with 0.22% rise.

The XMR coin is currently holding $1,649,727,716 market cap with  $113,174,089 24 hour volume and 17,139,312 XMR circulating supply.

According to Technical Indicators 

  • The Relative Strength indicator has turned bullish on the one-hour time frame which is above 70 levels. Indicating over brought condition.
  • The MACD indicator has turned bullish on the one-hour time frame and continues to issue a buy signal.
  • The Parabolic SAR markers were below the candles and showcased a bullish market.

We can assume that XMR coin is likely to major gains and currently the price level is set to reach new support level. Also, few crypto analysts believe that a breakthrough above the price barriers of $95 and $100 can fuel rapid surge in XMR price trend.What’s your Monero Price prediction for 2019? Will XMR price cross $100k in coming days? Share your views on our Facebook and Twitter page 

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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