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

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  • 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 . 

technical Analysis 

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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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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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