Monero(xmr)market reviews and price predictions
Monero market statement for 2023-03-16
Yesterday the price of xmr stood at $149. The market capitalization of the asset was $2 668 971 475. Monero’s volatility was established at 2.27%. The trading volume of the coin reached $112 916 115.
Monero prognosis for the next days:
We estimate the price of Monero to be $144 tomorrow 2023-03-28 and $148 on 2023-04-03;
We estimate the market capitalization of Monero to reach $2 567 784 041 tomorrow 2023-03-28 and $2 641 996 734 on 2023-03-30;
We estimate the volatility of Monero to become 6.77% tomorrow 2023-03-28 and 4.41% on 2023-03-30;
We estimate the trading volume of Monero to amount to $110 159 765 tomorrow 2023-03-28 and $118 655 309 on 2023-03-30.
Our recommendation for the pair XMR/USD for tomorrow, 2023-03-28, to sell.
A 13% price appreciation seen on the Monero market between March 10 and March 16.
The price of Monero was rising last from March 10 until March 16, giving enough reason to conclude that the market is. The price swings of XMR pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of increased trading volume.
Last week’s (March 8 - March 14) irresolute Monero : the price moved up no more than 3%.
The behavior of Monero last week was characterized by the occurrence of upswings. XMR was caught in a period of medium volatility, which was reflected in its price action. There has been a rise in the market capitalization of the asset during the period under review. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The bullish pressure subsides between March 7 and March 13 as Monero gains only 1%.
Between March 7 - March 13, Monero has been mostly as its price has been in the rising mode. The situation on the XMR market shows that the underlying asset is currently experiencing a period of medium volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Monero sees limited 1% gains between March 7 and March 13 as the market cools down.
The analysis of last week’s price action shows that the Monero market is in the phase since the price has been moving upward. The price swings of XMR pointed to the presence of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Monero lost 10% in the period March 4 - March 10 as a result of selling pressure.
Between March 4 - March 10, Monero has been mostly bearish as its price has been in the falling mode. XMR has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Monero market stayed flat from March 3 - March 9.
Monero portrayed neutral behavior last week, with no changes in the price. XMR was caught in a period of low volatility, which was reflected in its price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Monero slid down by 1% last week (March 2 - March 8) as the sellers pushed back.
The downward movement of the Monero price last week indicates the chosen market is bearish. XMR was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
March 1 - March 7 market wrap: Monero had a slight 2% drop.
The downward movement of the Monero price last week indicates the chosen market is bearish. XMR was caught in a period of low volatility, which was reflected in its price action. There has been a rise in the market capitalization of the asset during the period under review. The crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.
Monero market stayed flat from February 23 - March 1.
Monero portrayed neutral behavior last week, with no changes in the price. XMR was caught in a period of low volatility, which was reflected in its price action. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Down by 4% : The Monero market saw some bearish action last week (February 17 - February 23).
Monero has been bearish last week as its price has been predominantly falling. The volatility of XMR has been low throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.