MONERO Price Prediction: Long-term (XMR) Value Forecast

Fibo Quantum

  • The long-term outlook is in an uptrend.
  • The 161.8($60.94) in the fib extension is the bulls long-term initial target.

XMR/USD Long-term Trend: Bullish

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook remains in a bullish trend. The pullback by the bears pushed the cryptocurrency down to $50.37 in the demand area on 26th March. This formed a confluence for a bullish retuned.

The demand area was the 61.8 fib area, a trend reversal zone. The tweezer bottom was formed around this area, while the 50-EMA serve as a support for the bulls returned.
$55.49 in the supply area was the high of the week as the bulls sustained the pressure in this new week with a bullish engulfing candle. XMRUSD is already up at $57.94.

Price is above the two EMAs and the stochastic oscillator points up at 76% an indication of upward price movement in the long-term with $60.94 in the supply area as the bulls target in the new week.





The views and opinion as expressed here do not reflect that of and do not constitute financial advice. Always do your own research.