Lokesh Gupta
07-02-2024
Bearish sentiment surrounding XMR surged post-Binance delisting.
Monero price plummeted by over 39.5% within hours, testing critical support at slightly above $100.
Bulls effectively maintained price above the $100.40 support, resulting in a 25% price surge.
MACD indicates a decrease in the red histogram, suggesting increased buying pressure.
If the market sustains XMR price above $135 support, bulls may regain momentum, targeting $145 resistance.
Reversal in trend could see XMR dropping to $116 support; persistent bearish pressure might test $100 support.
Coingabbar analysis, XMR price prediction 2030 is roughly $520.
KEY LEVELS :
RESISTANCE LEVEL : $142-$162
SUPPORT LEVEL : $116-$100
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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