Home Monero MONERO Price Prediction Today: Daily (XMR) Value Forecast – April 1 – Bitcoin Exchange Guide

MONERO Price Prediction Today: Daily (XMR) Value Forecast – April 1 – Bitcoin Exchange Guide

3 min read

  • XRM/USD market has been on an increase since yesterday’s late trading sessions.
  •  In the short-term market run, the bulls’ upward movement continuation may be determined around its Bollinger Middle Band if unbroken downwards.

XMR/USD Medium-term Trend: Bullish

  • Resistance levels: $62, $64, $66
  • Support levels: $50, $48, $46

In the medium-term run of XMR/USD market, there has been a notable increase in its valuation. Towards the end of yesterday’s trading sessions, the crypto-market began to witness a push along its Bollinger Upper Band which has led to a higher trade point at around $58 mark.

The 50-day SMA is located underneath the Bollinger Middle Band. The market trading stance is located around its Bollinger Upper Band. The stochastic Oscillators have now penetrated into the overbought zone to consolidate within it.

The bulls may soon be having a weak force in driving the market past $60 point, therefore, there could be a good set-up for the bears around the said price level.

XMR/USD Short-term Trend: Bullish

There has been a relative price appreciation in the XMR/USD market valuation today. Yesterday, the crypto-market was experiencing a choppy price movement in most of its early trading sessions.

Whilst the trade was approaching an end, it began to see a notable spike that eventually fuelled additional an increase in the market. The 50-day SMA is found underneath the Bollinger Bands as they all point to north direction than the east path. The stochastic Oscillators are now located within the overbought zone to consolidate.

The bulls may still need to find a foundation around its Bollinger Middle Band or its 50-day SMA indicator to have better head-ups in its movement to the north.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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