Schweiz
2025-02-06 13:40
In der IndustrieMonero Price Forecast
Monero's price is stabilizing above $220 after retesting its ascending trendline and finding support around $195 on Monday. This development has led to a surge in the XMR long-to-short ratio, which has reached its highest level in over a month, indicating that more traders are betting on Monero's price to rise.
According to Coinglass data, if XMR continues its upward trend, it could extend the rally by 18% from its current trading levels to retest its April 26, 2022, high of $262.50. The Relative Strength Index (RSI) on the daily chart also reads 54 and points upwards, indicating increasing bullish momentum.
However, it's essential to note that if XMR declines, breaks below the ascending trendline, and closes below the 200-day EMA at $195.72, the bullish thesis would be invalidated. This scenario would lead to an additional decline to test its next daily support level at $181.43.
In the broader cryptocurrency market, Bitcoin is hovering around $97,000, while Ethereum's struggles in recent months have raised questions about whether the second-largest cryptocurrency is stifling altcoin gains.
#firstdealofthenewyear-Bronz
#firstdealofthenewyear-Bronz
Gefällt 0
Young_emonie
Händler
Aktueller Inhalt
In der Industrie
Event-A comment a day,Keep rewards worthy up to$27
In der Industrie
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
In der Industrie
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
In der Industrie
South Africa Event-Come&Win 240ZAR Phone Credit
In der Industrie
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
In der Industrie
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Kategorie
![](https://h8imgs.ruiyin999.cn/Bar/cms/Br2019122013414859338027.png)
Plattform
![](https://h8imgs.ruiyin999.cn/Bar/cms/Br2019122030014994711353.png)
Ausstellung
![](https://h8imgs.ruiyin999.cn/Bar/cms/Br2019122090714185120167.png)
IB
![](https://h8imgs.ruiyin999.cn/Bar/cms/Br2019122728514970518809.png)
Rekrutierung
![](https://h8imgs.ruiyin999.cn/Bar/cms/Br2019122018814798634358.png)
EA
![](https://h8imgs.ruiyin999.cn/Bar/cms/Br2019122740814828312692.png)
In der Industrie
![](https://h8imgs.ruiyin999.cn/Bar/cms/Br2019122769114501043398.png)
Markt
![](https://h8imgs.ruiyin999.cn/Bar/cms/Br2019122723614337744405.png)
Index
Monero Price Forecast
Monero's price is stabilizing above $220 after retesting its ascending trendline and finding support around $195 on Monday. This development has led to a surge in the XMR long-to-short ratio, which has reached its highest level in over a month, indicating that more traders are betting on Monero's price to rise.
According to Coinglass data, if XMR continues its upward trend, it could extend the rally by 18% from its current trading levels to retest its April 26, 2022, high of $262.50. The Relative Strength Index (RSI) on the daily chart also reads 54 and points upwards, indicating increasing bullish momentum.
However, it's essential to note that if XMR declines, breaks below the ascending trendline, and closes below the 200-day EMA at $195.72, the bullish thesis would be invalidated. This scenario would lead to an additional decline to test its next daily support level at $181.43.
In the broader cryptocurrency market, Bitcoin is hovering around $97,000, while Ethereum's struggles in recent months have raised questions about whether the second-largest cryptocurrency is stifling altcoin gains.
#firstdealofthenewyear-Bronz
#firstdealofthenewyear-Bronz
Gefällt 0
Ich möchte auch kommentieren
Einreichen
0Kommentare
Es gibt noch keinen Kommentar. Mach den ersten
Einreichen
Es gibt noch keinen Kommentar. Mach den ersten