Monero Price Analysis for April, 17th – XMR Still Hopes For Further Growth

Monero Price Analysis for April, 17th - XMR Still Hopes For Further GrowthBy Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, April 17th, the XMR has stopped growing, trading at 56.60 USD. On D1, Monero looks rather typical for the whole crypto market: the quotations are developing an uptrend as a correction after a wave of decline. A local pullback has tested from above 38.2% Fibo but the next momentum of growth may rise to 50.0% (61.28 USD) and 61.8% (69.59 USD) as its main goals. A Gold Cross on the MACD confirms further growth. The main support of the current dynamics is at 42.70 USD. On H4, there is quite a stable

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Monero Price Analysis for March, 24th – XMR Aiming At Further Correction

Monero Price Analysis for March, 24th - XMR Aiming At Further CorrectionBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, March 24th, the XMR keeps bouncing off, generally trading at 45.38 USD. On D1 of the Monero, the last declining impulse has reached the support level of the descending channel. After a test of the support line, the quotations have started a bounce for a correction. By now, the pullback has reached 23.6% Fibo and is heading for 38.2% (52.98 USD) and 50.0% (61.28 USD). However, it should be clear that the main descending scenario is not over yet. This is confirmed by the MACD lines. After the pullback is over,

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Monero Price Analysis for December, 6th – XMR Became Less Volatile

moneroBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex After visible fluctuations in the middle of this week, Monero exchange rate reached stability by Friday close to 54.13 USD. From the technical point of view, on H4 Monero is moving inside the descending channel, thus continuing the formation of descending tendency. At the same time, one should note that after the price updated its lows and there was a convergence on MACD, the instrument resumed growing to break the resistance line. If the price breaks 57.65, it may continue moving towards the upside projected channel and reach 75.50. If the instrument tests

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Monero Price Uptrend Materializes as Bulletproofs’ Potential Becomes Apparent

NullTX Monero Price Q4 2018

Even though it does not happen all that often, the Monero price is going through a very positive spell right now. Some of the project’s recent developments have [finally] received the attention they deserve. A reduction in transaction size combined with lower fees make XMR one of the cheaper currencies to use today. Monero Price […]

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3 Possible Monero Price Predictions for Q4 2018

NullTX Monero Price Q4 2018

In the altcoin department, Monero is often overlooked by cryptocurrency traders. Although that is not entirely difficult to explain, the popular privacy-oriented currency has a lot of potential. When looking at future Monero price predictions, it seems the opinions are somewhat contradictory. That makes for interesting possible scenarios where XMR is concerned. #3 Short XMR […]

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Monero Price: New Developments Push Value Above $138 Again

All cryptocurrencies are on the verge of noting some interesting gains over the next hours and days. The Bitcoin momentum remains firmly in place, yet it is the Monero price which is getting everyone’s attention as of right now. A very strong increase has pushed its value above $138 again, particularly when looking at some […]

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