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Sunday, July 25, 2021

Monero (XMR) Price Prediction Will it reach $200 this year

Historical index for the Monero price prediction: C “Should I invest in Monero CryptoCurrency?” “Should I buy XMR today?” According to our Forecast System, XMR is a not so good long-term (1-year) investment*. Monero predictions are updated every 3 minutes with latest prices by smart technical analysis.

At Citytelegraph.com we predict future values with technical analysis for wide selection of digital coins like Monero. If you are looking for virtual currencies with good return, XMR can be a profitable investment option. Monero price equal to 157.495 USD at 2021-02-06. If you buy Monero for 100 dollars today, you will get a total of 0.635 XMR. Based on our forecasts, a long-term increase is expected, the price prognosis for 2026-01-31 is 269.721 US Dollars. With a 5-year investment, the revenue is expected to be around +71.26%. Your current $100 investment may be up to $171.26 in 2026.



Pivot, Resistance and Support Levels for Day Trading in XMR/USD Price Forecast

Calculation For Trading:
Resistance Level (R3): 164.932
Resistance Level (R2): 160.104
Resistance Level (R1): 157.690
Pivot Point: 152.862
Support Level (S1): 150.448
Support Level (S2): 145.620
Support Level (S3): 143.206


According to the technical analysis by Citytelegraph Staff – the 4EMA (10,20,50,200) is coming into bullish zone finally since EMA 50 cross above EMA 200.

On the same time just before the Moving average bullish signal in 4 hour chart on XMR/USDT, the XMR broke it bearish trend line (as soon in above)

There is a strong demand zone (support area – marked as pink zone in the above diagram)


Technical Analysis for XMR/USDT (Monero) Price Prediction for Monthly trading

Indicators Used: 

  • Pivot Point Standard (Fibonacci / Monthly / 15)
  • VWAP (Default)

Since the beginning of this month, the price is trading above VWAP giving a clear indication of a bullish sign. The nearest target will be 180$ and then a steady growth towards 200$.


FAQ’s

What is the Monero price today?
The current price of Monero is 157.495 USD today.

Will Monero price grow / rise / go up?
Yes. The Monero price can go up from 157.495 USD to 164.250 USD in one year.

Is it profitable to invest in Monero?
Yes. The long-term earning potential is +4.29% in one year.

Will Monero price fall / drop?
No.


Must Read:


Recommendations: Buy or sell Monero? Cryptocurrency Market & Coin Exchange report, prediction for the future: You’ll find the Monero Price prediction below. According to present data Monero (XMR) and potentially its market environment has been in a bullish cycle in the last 12 months (if exists). Our Ai cryptocurrency analyst implies that there will be a positive trend in the future and the XMR might be good for investing for making money. Since this virtual currency has a positive outlook we recommend it as a part in your portfolio. Trading in bull markets is always easier so you might want to favor these currencies under the given circumstances, but always read up on optimal investment strategies if you are new to investing.

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