XMR Price May Break down $142 Level, Massive Gains on TAMA
Weak bullish and bearish momentum in XMR market Monero (XMR) Price Analysis: August 29 In case the bears increase their momentum, the support level of $142 may be penetrated downside, which may extend bearish trend to the low of $124 and $108. When there is a breakup at $169 resistance level, XMR price will increase towards $185 and $203 levels. Resistance Levels: $169, $185, $203 Support Levels: $142, $124, $108 XMRUSD Long-term Trend: Bearish On the daily chart, Monero is bearish. Buyers pushed up the price to the resistance level of $169 resistance level. Sellers opposed Buyers at the mentioned level. Sellers pushed down price to $142 level, it pulled back. The bearish momentum pushes XMR towards the $142 level last week, bulls defended the just mentioned support level. The price is struggling to break down the support level of $142 at the moment. Monero price is trading below the 9 periods EMA and 21 periods EMA at close contact as a sign of low bearish momentum...