Monero (XMR) Price Is Ranging Between $168 and $152 Levels

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Bears’ Pressure may increase in Monero market

Monero (XMR) Price Analysis: 20 February

When the price is successfully reduced below $152, it can fall to $144 and $134 levels. Monero may rise to the resistance levels of $168, $185, and $203 if the $152 support level holds.

Key Levels:

Resistance Levels: $168, $185, $203

Support Levels: $152, $144, $134

XMRUSD Long-term Trend: Bearish

Monero is bearish on the daily chart. The price played within the $168 and $152 levels last week. On November 9, the coin reached a low of $115. The buyers argued in favor of the indicated level. The previous resistance levels of $144 and $152 were breached by the price. The $185 resistance level was reached on January 29, however, it was not able to cross that line. A rise in the momentum of the sellers is indicated by the bearish engulfing candle that formed. The price fell and hit $152 as a support level. At the moment, it fluctuates between $168 and $152 levels.

The price of Monero is slightly above the 9-period and 21-period EMAs. When the price is successfully reduced below $152, it can fall to $144 and $134 levels. The price may rise to the resistance levels of $168, $185, and $203 if the $152 support level holds. The period 14 signal line for the Relative Strength Index is pointing up at level 50, indicating a buy that could be followed by a pullback.

XMRUSD Price Medium-term Trend: Bearish

Monero is bearish on the 4-hour chart. The crypto is on ranging movement within $168 resistance level and $152 support level. The $185 resistance level was tested on January 14; the sellers repelled the movement. It moved back and made an effort to maintain support at $152.When buyers acquired more momentum, the price increased to retest the previous high of $185. The bears lose pace as the price reaches the $152 support level.

Monero is trading around the dynamic support levels, in other words, the 9-day and 21-day exponential moving averages are locked to each other. The Relative Strength Index is leaning downward at $55, signaling a sell.

You can purchase Lucky Block here.  Buy LBLOCK

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *