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XMR Touches $144 Level as Excitement trails TAMA listing on OKX

XMR Touches $144 Level as Excitement trails TAMA listing on OKX
XMR Touches $144 Level as Excitement trails TAMA listing on OKX

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The Monero (XMR) price prediction could set a bullish run as the coin moves to cross above the resistance level of $145.

Monero Prediction Statistics Data:

  • Monero price now – $142.5
  • Monero market cap – $2.5 billion
  • Monero circulating supply – 18.1 million
  • Monero total supply – 18.1 million
  • Monero Coinmarketcap ranking – #29

XMR/USD Market

Key Levels:

Resistance levels: $166, $176, $186

Support levels: $125, $115, $105

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XMR/USD is running a little retracement move around the resistance level of $142 with price growth of 0.72%. For the fact that the coin is recording some gain, the Monero price may follow a sideways movement within the channel if the coin failed to cross above the 9-day moving average. Meanwhile, traders can expect the price to rise if the bulls put more pressure on the market.

XMR Could Head to the North, Excitement trails TAMA listing on OKX

The Monero price is on its way above the 9-day and 21-day moving averages at around $142. If the price continues to create a bullish movement, traders can then expect a bullish continuation towards the upside. Meanwhile, as the technical indicator Relative Strength Index (14) faces the 50-level, the possible resistance levels could be found at &166, $176, and $186 in the long term.

Moreover, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, the Monero price is trying to create a bullish movement in the short term. But, any bearish movement below the lower boundary of the channel could roll the coin back to the long-term supports at $125, $115, and $105.

Against Bitcoin, the Monero price is hovering above the 9-day and 21-day moving averages. According to the daily chart, there is a need for an increasing volume and resistance to cause an upsurge in the market so that the coin can face the upper boundary of the channel.  At the moment, Monero (XMR) is trading around 745 SAT, but any bearish cross below the lower boundary of the channel could hit the support at 680 SAT and below.

XMRBTC – Daily Chart

However, if the bulls increase the buying pressure; traders can then confirm a bull run for the coin, and the potential resistance could be located at 820 SAT and above. Similarly, the technical indicator Relative Strength Index (14) is moving above the 50-level, suggesting a bullish movement.

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