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Monero Price Analysis : XMR/USD is 9% up, winner of today’s top 30

  • Monero(XLM) is 9% on a 24 hour trade price,  the highest of all top 30 today. 
  • XLM/USD breaks the resistance at $64.40 and sustains at $64.93. 

Monero(XLM) turns out to have a good swing week, the price opened with $60.37 against USD and since then holds a bullish momentum. 

This Winner has gained 9.02% since its 24 hour trade and is the only coin to score Big, only Bitcoin(btc) and Ethereum ( ETH ) are closer with 6.74% and 3.26% respectively. 

Monero(XLM) is at 14th Position with $1Bn+ market Capitalizations with $117 million, average daily trading volume.  

Technical Analysis 

After breaking the $60 wall on Thursday trade time , the Momero(XLM) took a bullish ride and continued to break key resistance at $62.50 and $64.00 . 

The XLM also jumped above the daily SMA200 level and , but faces a slight bearish correct swing from $65.77 Intraday high to $64.92 currently. 

The Price continues to range in $64.00, while creating next resistance level at $66.00 and if this is broken the asset will gain traction, with next 4 hours targeting $68.00 . 

If there is a Bearish correction, losing the momentum would hit hard with lower support levels at $60, $58.05 , $57.00 going below the 200SMA average level. 

With the Ranging prices , The market Sentiments now seems a little bearish but buyers still can go for buying some XLM coins. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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