Price Analysis of Monero (XMR), Filecoin (FIL), and VeChain (VET)
Monero (XMR) Faces a 2.56% Dip
Monero (XMR) is currently experiencing a 2.56% and it is being predicted that the value of XMR may continue dipping going forward. The value of Monero (XMR) currently stands at $170.01 per MXR, and the bears currently have the situation in their control. This means that the bears have a high lead against the bulls, and they may drive its price going forward.
If the pressure keeps building on Monero, it may continue falling in value. The bears may succeed in pushing its RSI deeper into the bearish zone. This would result in pushing Monero below the first support gate ($165.65 per XMR).
In this particular case, the moving averages for Monero may plummet, even more, falling deeper into the bearish zone. This would push Monero lower than the second support position ($161.41).
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The third support mark for Monero would be a spot where the bulls may give the toughest challenge to the bears. However, if the bulls are not able to prove their might, then the bears will get to keep the trend in their corner, pushing Monero lower than $157.28.
Filecoin (FIL) Faces a 0.08% Dip
The trading price of the FIL/USDT pair currently stands at $17.73 per FIL and it is a low price. On March 4, the value of Filecoin stood at $19.46 per FIL. From there, the price of FIL has only sunk, which means that the bears have displayed high selling might versus the bulls. Until now, the value of Filecoin has experienced a 0.08% dip and the percentage may keep rising if the selling pressure continues increasing.
Although the bulls have tried hard to push the price of FIL to a higher benchmark, they haven’t been able to do much in this particular matter.
At the moment, the bears have the upper hand and they may continue with their selling activities until they push Filecoin to the major support mark. As soon as the bears move Filecoin into the support channel, they may increase selling power to push Filecoin to $17.36 per FIL.
From there, the price of Filecoin may continue getting pushed below the strong support lines that include 16.82 per FIL and $16.13 per FIL.
VeChain (VET) Price Soars by 1.05%
VeChain has proven to be fortunate among the three cryptocurrencies as it has observed a 1.05% rise in price in the past 24-hours. The rise has pushed VeChain’s value up to $0.04617 per VET.
If the bulls keep providing more support to VeChain in the upcoming days, its price may surge to $0.04755 per VET. As more buying power is exhibited for VeChain, it may grow up to $0.05045 per VET.
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