Monero News and Price Overview: Monero Available at Bitpay. Price Prediction Shows A Bearish Market In the Interim. Friday, July 6
Important Monero News
Monero Available at Bitpay
Bitpay is growing its support for coins, especially those that the company considers useful to the community. A tweet from the official Monero Twitter handle announced that the Bitpay now supports Monero.
The July 3 tweet stated that the support was activated the same day between 3.00pm and 4.00pm Warsaw time. It also said that Zcash was introduced simultaneously with XMR. The markets were launched in pairs with BTC, USD, EUR and PLN.
The full tweet says, "Between 3:00 - 4:00 pm (Warsaw time) #Monero (XMR) and#Zcash (ZEC) markets will be launched in pairs with BTC, USD, EUR, and PLN A short, 5-15-minute technical break will precede the introduction of new coins."
Bitpay enables merchants and individuals accept bitcoin payments and have the funds deposited directly to their bank accounts. The company offers a wallet that is easy to use and can be integrated with bank accounts. The company has traditionally supported Bitcoin and Bitcoin cash.
Monero Price Prediction Shows A Bearish Market In the Interim
The stochastic oscillator yesterday showed that Monero will experience a bearish market in medium term. This trend will likely be sustained as the coin price dipped to $119 in the demand axis.
There is also a possibility of trend reversal and the formation of a bullish railway track will be a clear indication that the reversal will herald an upward price movement. It becomes a bullish market if this pressure builds up strongly.
The 10 day EMA shows that the uptrend targets $129 in the supply area in the medium term.
One of the analytical advisors said, “$129.00 in the upper supply area of the range still valid and $120.00 in the lower demand area sacrosanct. Profit can be taken if a good ranging strategy is adopted during this period of consolidation.”
XMR/USD Price Chart, Friday July 6th:
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