Monero (XMR) Price Analysis: March 14
The buyers are putting more pressure on the pair, and the price may slide upwards, the resistance level of $244 may be penetrated upside and the resistance levels of $281 and $322 may be the target. Failure to break up the resistance level of $244 may result to down trend towards the support level of $217, $184, and $161.
Key Levels:
Resistance Levels: $244, $281, $322
Support Levels: $217, $184, $161
XMRUSD Long-term Trend: Ranging
XMRUSD is ranging on the daily chart. XMR reaches high of $281 on February 19, the bearish engulfing candle appeared at the resistance level of $281. The price dropped to the support level of $184. The support level of $217 holds and the price bounces towards the resistance level of $244. The price tested the support level of $217 twice, currently the price is testing the resistance level of $244.
The 9-day EMA is above the 21-day EMA on the daily chart with the price trading above the two EMAs. The buyers are putting more pressure on the pair, and the price may slide upwards, the resistance level of $244 may be penetrated upside and the resistance levels of $281 and $322 may be the target. Failure to break up the resistance level of $244 may result to down trend towards the support level of $217, $184, and $161.
XMRUSD Price Medium-term Trend: Ranging
Monero is on the ranging mode on 4-Hour chart. The price tested the support level of $184, bounces up and retested the resistance level of $244. The price is on the ranging mode between the resistance level of $244 and support level of $184. In case the resistance level of $244 holds, the price may return to $184 price level.
The 9-day EMA is above the 21-day EMA and the price is trading between the two EMAs, which indicate that consolidation is in progress.
- Broker
- Min Deposit
- Score
- Visit Broker
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
- Zero commissions and no bank fees on transactions
- Around the clock service with support in 14 languages
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
