Monero (XMR) Price: Bearish Movement May Continue to $189 Level

Azeez Mustapha
26 September 2021 | Updated: 26 September 2021

Monero (XMR) Price Analysis: September 12

More pressure from the bears may successfully push the coin below $189 level, to expose the price to the support levels of $161 and $136. Above the current price are barriers at the resistance level of $244, which may increase to $281 and $322 levels.

Key Levels:

Resistance Levels: $244, $281, $322

Support Levels: $189, $161, $136

XMRUSD Long-term Trend: Bearish

On the daily chart, XMRUSD is on the bearish movement. Another double top chart pattern formed on September 06; this is what led to the downtrend of the crypto.  The Crypto broke down the support level of $281 and tested $244, it bounced up to retest the resistance level. The sellers exerted more pressure and the price decreased below $224. Currently, the price is retesting $244 level.

XMRUSD Daily chart, September 26

Monero is trading below the 9-day EMA and the 21-day EMA on the daily chart. More pressure from the bears may successfully push the coin below $189 level, to expose the price to the support levels of $161 and $136. Above the current price are barriers at the resistance level of $244, which may increase to $281 and $322 levels.

XMRUSD Price Medium-term Trend: Bearish

Monero is bearish on 4-Hour chart. On September 06, the price touched the previous high at $322. The bullish pressure could not break up the level. It seems the bear defended the just mentioned resistance level. The Sellers increase their pressure and the price reached the support at $244. The sellers exerted more pressure to break down the support level of $244. At the moment, the price is exposes to $189 level.

Monero 4-hour chart, September 26

Monero is trading below the two EMAs, which indicate that bears’ momentum is increasing. The relative strength is at 40 levels with the signal line pointing down to indicate sell signal

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Monero (XMR) Price Awaits a Breakout

Azeez Mustapha
19 September 2021 | Updated: 19 September 2021

Monero (XMR) Price Analysis: September 19

In case the bears can push the coin to break down the $244 level, it may decrease to the support levels of $189 and $161. Should the resistance level of $281 is broken upside, then, price may increase to $322 and $361 resistance levels.

Key Levels:

Resistance Levels: $281, $322, $361

Support Levels: $244, $189, $161

XMRUSD Long-term Trend: Bearish

On the daily chart, XMRUSD is on the bearish movement. Monero was under the bearish pressure last week. The support level of $244 was tested and experience partial breakout but the bulls opposed the partial breakout and the price pulled back to retest the resistance level of $281. Throughout last week, the price is ranging within the $281 and $244 levels.

Monero daily chart, September 19

At the moment, the bears are trying to push the price to previous low at $244 level. The support level of $244 may be penetrated as sellers are exerting pressure on the Monero market. The price is trading below the 9-day EMA and the 21-day EMA at close contact on the daily chart. In case the bears can push the coin to break down the $244 level, it may decrease to the support levels of $189 and $161. Should the resistance level of $281 is broken upside, then, price may increase to $322 and $361 resistance levels.

XMRUSD Price Medium-term Trend: Ranging

Monero is on the ranging movement on 4-Hour chart. Monero bounced off the resistance level of $322 on September 07. A strong bearish candles emerges and break down the support level of $281. The support level of $244 tested and penetrated but bears could not sustain the momentum. The Crypto commenced a ranging movement within $281 and $244 price levels.

Monero 4 hour chart, September 19

Monero is trading around the two EMAs, which indicate that bears’ momentum and bulls’ momentum are equal. The relative strength is at 50 levels with the signal line displaying no specific direction.

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Monero (XMR) Price: Will There Be a Continuation of Bearish Movement?

Azeez Mustapha
12 September 2021 | Updated: 12 September 2021

Monero (XMR) Price Analysis: September 12

When the bears successfully push the coin below $244 level, it may expose the price to the support levels of $189 and $161. Above the current price are the resistance level of $281, further decrease may push the price down to the support levels of $281, and $322 and $361 price levels.

Key Levels:

Resistance Levels: $281, $322, $361

Support Levels: $244, $189, $161

XMRUSD Long-term Trend: Bearish

On the daily chart, XMRUSD is on the bearish movement. The Crypto was on the bullish trend last week. The bullish pressure pushed the price to test the resistance level of $322. The level was tested twice by the bull but it was defended by the bears. On September 07, the bears gained more pressure with the formation of strong bearish candle which penetrated $281 level downside and it decreases towards the $244 support level.

XMRUSD daily chart, September 12

At the moment, the bears are trying to push the price to break down the support level of $244 as sellers are exerting pressure on the Monero market. The price is trading below the 9-day EMA and the 21-day EMA on the daily chart. When the bears successfully push the coin below $244 level, it may expose the price to the support levels of $189 and $161. Above the current price are the resistance level of $281, further decrease may push the price down to the support levels of $281, and $322 and $361 price levels.

XMRUSD Price Medium-term Trend: Bearish

Monero is bearish on 4-Hour chart. The Crypto increases and it touches the resistance level of $322 on August 23. It pulled back to retest the support level of $281, on September 06, the price touched the previous high at $322. The bullish pressure could not break up the level. The Sellers increase their pressure and the price finds support at $244 at the moment.

Monero 4- hour chart, September 12

Monero is trading below the two EMAs, which indicate that bears’ momentum is increasing. The relative strength is at 40 levels with the signal line pointing down to indicate sell signal

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Monero (XMR) Price: Bulls Are Exerting Pressure Towards $322 Resistance Level

Azeez Mustapha
5 September 2021 | Updated: 5 September 2021

Monero (XMR) Price Analysis: September 05

In case the bulls successfully push coin above $322 level, it may expose the price to the resistance levels of $361 and $401. Below the current price are the support level of $281, further decrease may push the price down to the support levels of $244, and $189 price levels.

Key Levels:

Resistance Levels: $322, $361, $401

Support Levels: $281, $244, $189

XMRUSD Long-term Trend: Bullish

On the daily chart, XMRUSD is on the bullish movement. The Coin was on the ranging movement around the $322 level. The price later decreased to retest the support level of $281 level. On September 01, a bullish engulfing candle emerges and the price is increasing towards the resistance level of $322 at the moment.

Monero Daily chart, September 05

The bulls are trying to push the price to break the resistance level of $322 as Buyers are exerting pressure on the Monero market. The price is trading above the 9-day EMA and the 21-day EMA on the daily chart. In case the bulls successfully push coin above $322 level, it may expose the price to the resistance levels of $361 and $401. Below the current price are the support level of $281, further decrease may push the price down to the support levels of $244, and $189 price levels.

XMRUSD Price Medium-term Trend: Bullish

Monero is bullish on 4-Hour chart. On September 01, the price found support at the $281 level. The buyers react against the price decrease and the bulls’ momentum is gradually increasing on the 4-hour chart. The price is heading towards the resistance level of $322.

Monero 4 hour chart, September 05

The 9-day EMA is separating from the 21-day EMA and the price is trading above the two EMAs, which indicate that bulls’ momentum is increasing. The relative strength is above 60 levels with the signal line pointing up to indicate buy signal

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Monero (XMR) Price May Break Up $244 Price Level, Provided Bulls’ Pressure Increase

Azeez Mustapha
1 August 2021 | Updated: 1 August 2021

Monero (XMR) Price Analysis: August 01

Inability to break up the resistance level of $244 may result to further price decrease towards the support level of $189, $161, and $136. The price may break up the resistance level of $244 and it may extend to the resistance levels of $281 and $322.

Key Levels:

Resistance Levels: $244, $281, $322

Support Levels: $189, $161, $136

XMRUSD Long-term Trend: Bullish

On the daily chart, XMRUSD is on the bullish movement. Monero has formed a bullish chart pattern called double bottom on the daily chart. The mentioned chart pattern triggers the bullish trend. The price increases to the resistance level at $244. The bullish momentum may break up the just mentioned level. At the moment, the coin is trying to break $244 level upside.

XMRUSD daily chart, August 01

The buyers are exerting more pressure on the Monero market at the moment, the price is trading above the 9-day EMA and the 21-day EMA on the daily chart. Inability to break up the resistance level of $244 may result to further price decrease towards the support level of $189, $161, and $136. The price may break up the resistance level of $244 and it may extend to the resistance levels of $281 and $322.

XMRUSD Price Medium-term Trend: Bullish

Monero is bullish on 4-Hour chart. The price tested the support level of $189 second time on July 21 and support level of $189 holds. It bounces, moving up and testing the resistance level of $244. In case the resistance level of $244 is broken upside, the price may reach $281 price level.

XMRUSD 4 hour chart, August 01

The 9-day EMA is above the 21-day EMA and the price is trading above the two EMAs, which indicate that bulls are dominating Monero market.

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Monero (XMR) Price: Bulls Are Gathering Momentum to Push Up price

Azeez Mustapha
25 July 2021 | Updated: 25 July 2021

Monero (XMR) Price Analysis: July 25

The resistance level of $244 may be penetrated upside and the resistance levels of $281 and $322 may be the target. Inability to break up the resistance level of $244 may result to further price decrease towards the support level of $161, and $136.

Key Levels:

Resistance Levels: $244, $281, $322

Support Levels: $189, $161, $136

XMRUSD Long-term Trend: Ranging

On the daily chart, XMRUSD is on the ranging movement. Monero remains within the ranging movement zone. The bulls are yet to gain more pressure to penetrate the resistance level of $244. The support level of $189 still holds and the price continue a ranging movement within the $244 and $189 price levels. The support level of $189 has rejected the price many times, it seems the bulls’ momentum may increase.

XMRUSD Daily chart, July 25

The price is trading slightly above the 9-day EMA and the 21-day EMA on the daily chart. The buyers are putting more pressure on the coin at the moment, and the price may bounce upwards, the resistance level of $244 may be penetrated upside and the resistance levels of $281 and $322 may be the target. Inability to break up the resistance level of $244 may result to further price decrease towards the support level of $161, and $136.

XMRUSD Price Medium-term Trend: Bullish

Monero is bullish on 4-Hour chart. The price was ranging within the support level of $189 and resistance level of $244 last two weeks. It is currently bouncing up, moving towards the resistance level of $244. In case the support level of $189 holds, the price may break up $244 price level.

XMRUSD 4 hour chart, July 25

The 9-day EMA is above the 21-day EMA and the price is trading above the two EMAs, which indicate that bulls are gathering momentum to push up Monero price.

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Monero Records Daily Transactions Per Block High as Bullish Momentum Returns

Azeez Mustapha
23 July 2021 | Updated: 23 July 2021

Monero (XMR) recently witnessed a record 57.9 average daily transactions per block, according to a report by the Monero Blocks XMR explorer.

Over the past few days, the cryptocurrency’s blockchain recorded over 40,000 transactions, which surpasses 25% of the average weekly transaction volume.

Meanwhile, XMR trading pairs are also experiencing increased trading volumes on the charts. Most altcoins have recorded significant spikes since the goodish bounce in Bitcoin, with XLM surging by about 13% since the recovery.

However, Monero has failed to establish a healthy footing above the $200 round figure and remains constrained within a range between $200 and $195.

The crypto market at large saw a massive crash over the past few months, starting in May. In the same month, Monero recorded its highest price ever at $517 per coin.

Some technical analysts suggest that XMR remains solidly on critical support that has gotten tested five times in the past five months, from February to July.

That said, the network has recorded multiple trading volume surges that correlate with average transactions per block volume. The former daily transaction high occurred in May, matching the 45% volatility of the XMR/USD trading pair.

Key Monero Levels to Watch — July 23

Monero posted a healthy rebound from the $180.00 level on Wednesday, pushing the price to the $200.00 high. However, this bullish move got contented by bears, who pushed the price down to $196.00 after a prolonged consolidation yesterday.

XMRUSD – 4-Hour Chart

That said, XMR retested the $200.00 level a few hours ago and got rejected again, leaving it range-bound between $200 and $195. The $195.00 support is fortified by the 50 SMA on our 4-hour chart, making a bullish push in the coming hours the next likely course of action.

Meanwhile, our resistance levels are $200.00, $210.00, and $220.00, and our support levels are $195.00, $180.00, and $175.00.

Total Market Capitalization: $1.33 trillion

Monero Market Capitalization: $3.53 billion

Monero Dominance: 0.26%

Market Rank: #27

 

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