Convergence

Monero

Divergence

Coin

<p>The post <a href="https://coinpedia.org/price-analysis/monero-price-jumps-10-today-will-xmr-price-reclaim-200/">Monero Price Jumps 10% Today! Will XMR Price Reclaim $200?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After recording a bearish action on Wednesday, the cryptocurrency market has experienced a strong bullish recovery by adding over 3% to its portfolio within the past 24 hours. Further, the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">BTC price</a> has reclaimed the $67,000 mark.</p> 
<p>Following this, the Monero price has recorded a significant uptrend in its respective portfolio. This highlights an increase in the buying-and-selling pressure for the altcoin in the crypto space. With the ongoing market sentiments, will <a href="https://coinpedia.org/price-prediction/xmr-monero-price-prediction/" target="_blank" rel="noreferrer noopener">Monero price</a> hit $200?</p> 
<h2 class="wp-block-heading" id="h-xmr-coin-price-successfully-retests-its-important-support">XMR Coin Price Successfully Retests Its Important Support:</h2> 
<p>With the increased price volatility in the crypto space, the Monero price has recorded a jump of 9.51% within the past day with a trading volume of $130.26 Million, a change of +68.88%. Further, it has added 5.12% within the past week and has a YTD return of over 2%.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe4sMvpiRUEh2SRbIhJfgGjHdz2cP2ymau0cXxukpYQi6JjsGvN8xE1DZoLpYkfVDYT822wO9ucJd7k4hs_Mpcu8RV9a9CUc39kwrcOFOtHKCHDVPPDY6uVoKgFtgHxOBxUqVevpXblQCFJI9nsuCU4SOhB?key=J8Nlq7kSS65UDn5gO7rkbQ" alt="Monero Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: XMR/USDT
 </figcaption>
</figure> 
<p>Notably, this altcoin is currently trading at a discount of 67.13% from its ATH of $517.62. With a trading price of $169.21, the <a href="https://markets.coinpedia.org/monero/" target="_blank" rel="noreferrer noopener">XMR crypto</a> has secured the 28th position with a market capitalization of $3.107 Billion.</p> 
<p>The 50-day EMA constantly acts as a support to the price chart in the 1D time frame, indicating a strong bullish sentiment in the crypto market.</p> 
<p>The Moving Average Convergence Divergence (MACD) displays a constant green histogram with its averages recording a bullish action. This highlights a positive outlook for the Monero price in the cryptocurrency market.</p> 
<h2 class="wp-block-heading" id="h-how-high-will-xmr-go">How High Will XMR Go?</h2> 
<p>If the crypto space continues trading under a bullish sentiment, the Monero crypto will head toward its resistance level of $181. Maintaining the price at that level will set the stage for the XMR coin price to test its upper resistance level of $200.</p> 
<p>Conversely, if a trend reversal occurs, the Monero price will break down its support of $162.50 and prepare to test its lower support level of $144.25 during the upcoming weeks.</p>

Monero Price Jumps 10% Today! Will XMR Price Reclaim $200?

Table of Contents

CoinPedia News

Other articles published on Jul 26, 2024

📨 NEARWEEK ISSUE 170

Sei Price At A Critical Zone: Breakout Or Breakdown Ahead

W5 Wallet Simplifies Transactions for Telegram Users

Mt. Gox $335M BTC Shift to Bitstamp Undisclosed Wallet Raising Analyst Eyebrows: RLBK In The Spot...

Ryoshi and Shytoshi Kusama’s Crucial Roles Explained by SHIB Team

Yona Network Integrates with Babylon Chain to Bridge Bitcoin and Solana

Join our free newsletter for daily crypto updates!