Search results for: monero

If you were looking to place a healthy short position this week, Monero [XMR] might be a good option especially after its recent rally. The altcoin had a solid bull run from its latest local low and had already started showing signs of weakness at press time. Monero topped out at $152.80 on 20 July,Continue reading “Monero [XMR] traders looking for spread betting tips can go…”

Monero [XMR] seems to be one of the most prepared altcoins to make the most of this recent crypto resurgence. After a bit of relief from the market crash, the private cryptocurrency looks to be running toe to toe with the crypto king, Bitcoin [BTC]. XMR traded at $146.81 at press time but that’s notContinue reading “Monero keeps pressure on Bitcoin but can XMR sustain the pace”

Monero [XMR] is among the few cryptos that have seen healthy recovery from its 2022 lows. In fact, it is up by more than 44% from its $96.50 June low. Even so, its press time position seemed to suggest that a bearish retracement is imminent. XMR peaked at $141.45 during Friday’s trading session. This representedContinue reading “Assessing the odds of Monero [XMR] retracing on the charts”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Bitcoin has formed a range between $22.8k and $18.8k over the past month, with $21.8k also serving as a crucial resistance level. Monero has been able to grind its way higher overContinue reading “For Monero bulls this zone remains a critical resistance level to overcome”

Monero [XMR] bulls are back but the ghost of the 2022 bear market is still lurking in the background. The current upside might thus, be a temporary bullish relief, in which case a retracement might be on the way. XMR traded at $122 at press time, which means it is up by roughly 31% fromContinue reading “Is the $142-level too much to expect from Monero [XMR] before the next retracement”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Post a rising wedge-like (white) setup, Monero [XMR] expectedly saw a breakdown in the four-hour timeframe. While the last few days saw steady growth from the lows of $99, the sellers found renewed pressureContinue reading “Monero [XMR] traders need to be wary of this before placing calls”

Currently ranked as a leading privacy crypto coin, Monero’s XMR has been in a fierce battle with the bears in the last 90 days. At a 77% decline from its all-time high of $517.62, the ongoing bullish correction in the cryptocurrency market has had little to no impact on the performance of the XMR coin.Continue reading “Monero’s [XMR] 90-day performance evaluation has these tips for its traders”

Monero [XMR] has been on free fall since the start of June as what started out as a minor retracement turned into a fully-fledged crash. XMR’s latest crash has so far undone the gains from its 75% rally that it achieved from mid to end of May. To put the bearish downturn into perspective, XMRContinue reading “Monero: Assessing the odds of XMR bouncing back”

Monero just announced the launch of its tail emission upgrade which is one of its latest and greatest milestones. Here’s what you need to know about the upgrade, its impact on Monero and whether it will impact XMR’s price action. The tail emission upgrade can best be described as a perpetual incentive designed to incentivizeContinue reading “Monero [XMR] kicks off tail emission; is it enough to trigger some upside”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer.  Monero dipped sharply beneath the $180 level a few days ago but was swift to bounce back and reach the $200 mark when Bitcoin rallied from its range lows. At the timeContinue reading “Monero [XMR] could post a 10% gain past the $200 mark if these conditions are met..”

Monero (XMR) turned out to be one of the best cryptocurrencies for those looking to ride the recovery wave after the May crypto crash. The cryptocurrency jumped onto a healthy bullish trend while the rest of the market struggled to bounce back. However, the cryptocurrency is off to a good start this week, with someContinue reading “Will Monero [XMR] be able to rally amid recovering broader crypto sentiments”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer.  Since the 12 May drop, Monero has been one of the larger altcoins which have had quite an impressive performance on the price charts. Ranked 25th by market capitalization, Monero’s plunge toContinue reading “Short or long? Here are some levels Monero [XMR] traders should to keep an eye on”