Monero (XMR) May Continue the Gaining Spree of the Last Month
- Monero exhibits strong upward momentum
- The next price target should be $90 in the short-term
XMR price has gone beyond $85 recently, and this has happened because of an almost wholly bullish price movement of the last month. In this period, it has been increased by 46.68%, and this current bullish spree is likely to be sustained for a while now.
Monero Price Prediction
The upward movement of Monero price started at $58.91 on January 11, and in the next 6 days, the currency could manage to add $12.67 in the value and touched $71.59. It was followed by a price correction of 19.53% that took the XMR value to the lowest point of the last 30 days at $57.61 by January 24.
After registering the lowest around $57.61, Monero started to trade with a steady upside momentum, and it added almost $30 to the value and pushed the price of Monero to $87.58. XMR coin has already breached previous resistance levels of $81 & $83.
XMR coin’s both 50 days MA ($84.27) and 20 days MA ($86) are yet to catch its current price at $86.41. It hints at the continuation of the current bullish run in the upcoming days. It may soon cross the $90 price level. However, intraday investors are advised to look for any unprecedented spikes that may happen once it reaches $90 mark.