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
Monero (XMR) Price Analysis: August 14
When the bulls exert more pressure, the resistance level of $167 may be broken upside, the price may increase to $185 and $203 resistance levels. In case the bears defend $167 price level, it may decline towards the support levels of $142, $124 and $108.
Key Levels:
Resistance Levels: $167, $185, $203
Support Levels: $142, $124, $108
XMRUSD Long-term Trend: Bullish
On the daily chart, Monero is bullish. Buyers are dominating Monero market since June 18 when the bears pushed the price to the support level of $108. The price bounced up and steadily increasing with pressure from the bulls. The price has broken up the resistance levels of $124 and $142. Last week, the price tested the resistance level of $167 and commences consolidation around the level.
Monero price is trading slightly above the 9 periods EMA and 21 periods EMA as a sign of bullish market. When the bulls exert more pressure, the resistance level of $167 may be broken upside, the price may increase to $185 and $203 resistance levels. In case the bears defend $167 price level, it may decline towards the support levels of $142, $124 and $108. The relative strength index period 14 is at 58 levels with the signal line pointing up displaying a bullish direction.
XMRUSD Price Medium-term Trend: Bullish
Monero is on the bullish movement on 4-hour chart. When the resistance level of $124 was broken upside with the momentum of the bulls. The price is steadily increasing to break up the resistance level of $142. The price is consolidating around the resistance level of $167 at the moment.
The price is trading around the 9-day EMA and the 21-day EMA which indicate a consolidating movement. The relative strength index periods 14 is at 51 levels pointing down to indicate sell signal which may be a pullback.
You can purchase Lucky Block here. Buy LBlock
- Broker
- Min Deposit
- Score
- Visit Broker
- 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
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus