Experts and analysts are still divided on the future behaviour of the entire crypto world. The markets have been dominated by the bears for a larger part of 2018 and even the recent Christmas rally could not deter the relentless bears from dominating these markets. IOTA, Zcash and Monero Price Analysis reveal that even these tokens were not spared by the frequent market plunges.
Various knowledgeable individuals think that the markets will revisit and surpass the 2017 December highs by the end of 2019. Also, there is a strong notion that the markets are currently trading near the bottom currently and they will soon start rising again.
Some analysts believe that it will get worse before eventually getting better and many predict that the crypto markets will bottom out in February of 2019. Although the markets are significantly way below their all-time highs, it has not deterred investments form large players and institutions. Here is the price analysis for IOTA, Zcash, and Monero.Monero 1-Day Price Analysis
The token continues ranging when reviewed in the medium-term. The stochastic oscillator of the mid-week predictions favoured the bears as they enhanced their momentum and pushed the price down towards the demand area. The formation of a bullish railway track signifies a trend reversal. However, the price of XMR/USD currently continues to slide as the entire crypto market falls.
At the moment, the stochastic oscillator is hovering in the oversold region at around 19% signifying that there may be a minor consolidation coming before movement in a particular direction is formed. Monero has lost at least 5% in the past 24 hours trading around $45.08.
Currently, the bulls are trying to fight back defending the low of $45.02. However, the 5% slide within the past 24 hours shows a lack of buying interest in this market. The RSI is hovering in the oversold region while the moving averages are slopin...