Monero (XMR) Price: Can It Increase Above $185 Resistance Level?

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Existing community of 70,000+ traders

Unlocks access to the leading crypto trading analysis, signals and trading tools

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

World class development team backed by Quant developers and VC investors

BUY D2T NOW

WHITEPAPER

D2T TELEGRAM

Monero market experiences bullish upsurge

Monero (XMR) Price Analysis: 15 January

In case buyers successfully push prices above the $185 level, Monero may rise toward the $203 and $218 barrier levels. If the $185 resistance level persists, the price might drop toward the support levels of $165, $152, and $144. The Relative Strength Index period 14 signal line is pointing up at 81 indicating buy signal.

Key Levels:

Resistance Levels: $185, $203, $218

Support Levels: $165, $152, $144

XMRUSD Long-term Trend: Bullish

Monero is moving upward on the daily chart. The coin tested the low of $115 on November 9. The purchasers defended the mentioned level with the formation of a strong bullish engulfing candle pattern. The price bounced up and broke up the $144, $152, and $165 resistance levels. On 11 January, the $165 resistance level was penetrated, and it retreated. Last week, more pressure from the buyers pushed the price to the $185 resistance level.

Purchasers may continue to dominate the Monero market in the upcoming week. The coin is trading above the 9-period EMA and 21-period EMA as the dynamic resistance level is being broken upside by Monero’s price. In case of buyers successfully push prices above $185, prices may rise toward the $203 and $218 barrier levels. If the $185 resistance level persists, the price might drop toward the support levels of $165, $152, and $144. The Relative Strength Index period 14 signal line is pointing up at 81 indicating a buy signal.

XMRUSD Price Medium-term Trend: Bullish

On the 4-hour chart, Monero is bullish. The negative trend was halted when the price reached the support level of $115 on November 14. The price increased further when the bulls gain more momentum. The $165 resistance level has been broken and the price tested the $185 level, it is currently pulling back.

The price is pulling back, testing the dynamic support level. The price is currently trading slightly above both the 9-day and 21-day exponential moving averages, indicating bullish momentum in the Monero market. The Relative Strength Index is bending up at 64 level, indicating a buy signal.

You can purchase Lucky Block here. Buy LBLOCK