Monero Price Analysis: Trends Are Bearish As Of Now; Seems To Be Making Slow But Steady Movement

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Monero (XMR) made a power cryptocurrency at Kaiserex. Users can now trade in 34 different pairs of coins with XMR. Cryptwerk, a cryptocurrency-based e-commerce site, made available a Monero (XMR) mass adoption map. Additionally, an Android app of Monero was made available in the play store in order to run a full node on your smartphones.

XMR Current Statistics:

The Monero chart as On July 01, at UTC 00:37:

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Monero price chart - july 1

  • XMR to USD was trading around $93.442.
  • At the same time, Monero vs. Bitcoin was trading at 0.00844480 BTC.
  • Additionally, the Market Cap of the Monero was 1,582,133,115 USD.
  • With a Return on Investment of 3,646.63%, the total Monero coins circulating in the market was 17,070,711 XMR.
  • The 24-hr trading volume was 139,485,919 USD.

XMR Price Comparison:

On June 06, Monero (XMR) was trading at 85.528 USD. Nevertheless, today, after 25-days, the digital coin has shown a strengthening of 9.25%. But, in the 7-day chart, the crypto has made a dip of 19.65%, from the trading price of 116.259 USD on June 25. The coin has also suffered huge intraday decline on the previous day. Yesterday the coin opened at 100.01 USD, and with a breakdown of 12.47%, Monero wrapped the day up at 87.53 USD.

Monero Price Prediction:

Looking at the current scenario, Monero seems to be strengthening from the present levels. The coin has immediate support at 87.12 USD. Further, there is another support level at 83.35 USD and immediate resistance at 96.31 USD.

Conclusion:

Just like any other altcoin, Monero (XMR) too, has seen a bit of stability today, and at the time of writing, it had made a bounce back to upward movement. However, the bullish trend of the coin has not faded away completely. The new listings and trading option against various chips along with the updates Android app will surely help the crypto to strengthen its market grip.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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