• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 1

    How ethbox Could be the Future of OTC Trading

    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 2

    How ethbox Could be the Future of OTC Trading

    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Monero News

Monero price prediction: XMR to go big towards $400, analyst

Taha Farooqui by Taha Farooqui
January 2, 2021
in Monero News
3 min read
Monero price prediction: XMR to go big towards $400, analyst
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Monero price prediction expects a rise towards $400.
  • Strong support currently lies at $130.
  • Strong resistance is found at the $170 mark.

The Monero price prediction by Maruskien shows that the cryptocurrency is in line for a big profit on the long-term up next. The analyst expects the price to rise above the $400 mark by the end of this movement. The XMR price fell bearishly on the 1st of January after the Bittrex exchange announced the delisting of the crypto assets.

1-Day Monero price analysis

Monero price chart 1 - 2 January
Monero price prediction chart by Trading View

Monero’s price has dropped significantly on the 1st of January, just after it peaked at the $169.158 mark and then observed an abrupt fall towards the $144 mark. The XMRUSD pair rests between the $132 and the $136 price levels as of now. At the time of writing, the Monero price was marked at $134.33.

RelatedPosts

Monero price prediction: XMR to $151 ahead, analyst

Monero price prediction: XMR falling towards $100, analyst

Monero price prediction: XMR to $299 next, analyst

Monero price prediction: to rise beyond $160 this week

The oscillators show that the cryptocurrency is under a sell signal as the price has come down over the 24-hour charts. The cryptocurrency has performed the worst over the past 24 hours as it pushes below the support levels right after a strong drop. The XMR price dropped while Bitcoin held the $29000 support during the trade. Other major altcoins seem to be moving sideways whilst the cryptocurrency king is on its way towards the upside.

The Moving Average Convergence Divergence (MACD) line has dropped below the signal line on the 1D time frame while the histogram size has increased greatly in the negative region. The asset remains bearish with a sell signal as the Relative Strength Index (RSI) closed near 41.18, which means that the cryptocurrency is in the neutral region. The XMR price is riding the lower Bollinger band after it broke below the midline. This shows that the cryptocurrency is under a bearish bias.

The crypto exchange Bittrex has decided to delist 3 cryptocurrencies on the 15th of January and Monero XMR is one of these. This news has also caused all three cryptocurrencies to fall bearish in the market. Bittrex has provided the users with a period of 30 days so that they may withdraw their delisted assets.

Monero price prediction: What to expect?

The Trading View analyst Maruskien believes that the cryptocurrency will see a fall up next. The fall was expected to cause the cryptocurrency to move towards the $131 mark, which will then follow a rise towards the upside in the long-term.

Monero price chart 2 - 2 January
Monero price prediction chart by Maruskien

The Relative Strength Index (RSI) on the 1W time frame has been moving in the overbought region for a while now. The cryptocurrency should see a bounce at the $131 horizontal support, per this Monero price prediction. This bounce will lead the cryptocurrency to the higher resistances at $173, $309 and, the $402 mark. The $402 level is where the target price lies for this Monero price prediction. The target lies at a big profit for XMRUSD, and the price is expected to break out of the consolidation zone that it has been trading in for a long while now.

Per the chart above, the consolidation zone lies near the $27.65 to $131.65 mark. Before concluding the year the price did rise above the consolidation zone, while it fell towards the upper boundary of the consolidation zone on the 1st of January.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Tags: cryptocurrency tradingcryptomarket
Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Monero price prediction: XMR to $151 ahead, analyst
Monero News

Monero price prediction: XMR to $151 ahead, analyst

February 2, 2021
Monero price prediction XMR falling towards $100, analyst
Monero News

Monero price prediction: XMR falling towards $100, analyst

January 21, 2021
Monero price prediction XMR to $299 next, analyst
Monero News

Monero price prediction: XMR to $299 next, analyst

January 18, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Crypto

Crypto industry reaches a milestone of 100 million users

February 26, 2021
Polkadot price

Polkadot price prediction: DOT to decline to $25

February 26, 2021
How ethbox Could be the Future of OTC Trading 3

How ethbox Could be the Future of OTC Trading

February 26, 2021
Coin

Legal actions to retrieve stolen coins: What is the success rate?

February 26, 2021
FATF

FATF to update its guidelines on stablecoins and virtual asset service providers

February 26, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 4

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.