Search Inside Bitcoins

Monero (XMR) Price May Close Below $142 Level, Tamadoge Jumps Northwards

Join Our Telegram channel to stay up to date on breaking news coverage

Monero May decrease further

Monero (XMR) Price Analysis: September 08

In case the bears increase their momentum, the support level of $142 may be penetrated downside, which may decrease the price to low of $124 and $108 levels. When there is a breakout at $169 resistance level, Monero price will increase towards $185 and $203 levels.

Resistance Levels: $169, $185, $203

Support Levels: $142, $124, $108

XMRUSD Long-term Trend: Bearish

Monero is bearish on the daily chart. Three weeks ago, the price was increasing towards the resistance level of $169. There was a bullish breakout at $142 level. The bullish momentum pushes XMR to test the $169 but the bears interrupt the upward movement. The price retraced back towards the support level of $142. The bearish movement continues and the price is trying to break down $142 price level.

Monero price is trading below the 9 periods EMA and 21 periods EMA as a sign of bearish momentum.   In case the bears increase their momentum, the support level of $142 may be penetrated downside, which may decrease the price to low of $124 and $108 levels. When there is a breakout at $169 resistance level, Monero price will increase towards $185 and $203 levels. However, the relative strength index period 14 is below 50 levels with the signal line displaying sell signal.

Buy Monero Now

 Your capital is at risk

BC.Game Casino

XMRUSD Price Medium-term Trend: Bearish

Monero is on the bearish movement on 4-Hour chart. The buyers’ pressure pushed price to resistance level at $169. It bounces off the mentioned and falls towards the $142 support level. The pressure is pushing the price to break down the $142 support level. Bearish movement may continue incase sellers’ momentum increases.

The price is trading below the two EMAs with the 9-day EMA below the 21-day EMA which indicate that bearish movement is in progress. The relative strength index is at 44 levels pointing down to indicate sell signal.

Tamadoge is building its very own Tamaverse. The fun doesn’t stop there though. Tamadoge is planning to build its very own metaverse games world – the Tamaverse – where you can interact with your pet in an augmented reality environment. The app will be available next year. Before then, the leaderboards will be launched later this year in which the Pets will be accessible in a 2D web environment. Each pet NFT will have an associated 3D avatar rigged up for the Tamaverse. Unlike most other meme coins, Tamadoge actually has utility value and is not just a cute image, although the interface we have seen so far suggests that it is that too. Tamadoge is shaping up to be more than a match of competitors such Aavegotchi and Shiba Inu. Rewards are paid from the transaction fees generated in the Tamadoge Pet Store.

Related

Tamadoge - Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Maximum Supply of 2 Bn, Token Burn
  • Now Listed on OKX, Bitmart, Uniswap
  • Upcoming Listings on LBank, MEXC
Tamadoge logo

 

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!

X

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

X