Price Analysis

Monero Crosses Above $66 after Days of Sluggish Moves

  • Monero’s value has been pumped up by 1.38%, and it is roaming around 67 USD, presently
  • We can expect the next resistance to come around 67.44 USD

The improvement in the overall condition of the market has boosted the confidence of investors. XMR coin is not escaped from the on-going bullish spree. Over the last 24 hours, it has managed to soar by 1.38%, and the value currently holds near 66.68 USD.

Monero Price Analysis

Monero was being traded at 65.77 USD at the starting of the day and over the initial 8 hours and 2 minutes; it was up by 3.42% and got to the apex point of the day at 68.01 USD. It was followed by a steep price correction that cost the coin 4.84% and got pulled down to 64.72 USD by 18:38 UTC. Later, it tried walking up and between 18:38 UTC and 01:15 UTC today, it was able to elevate the value by 3.52% and went near 67 USD.

Monero News
XMR/USD Chart By TradingView

XMR coin current trading price is lagging behind bots, the 50-day MA and 20- day MA, exhibiting lack of overall support. However, Monero’s MACD line has managed a huge push ahead of the signal line. As per our prediction, Monero is likely to continue the bullish trend for some more days. It may touch the next resistance around 67.44 USD.

Monero (XMR)Resistance and Support Levels-
1st Resistance$67.44
2nd Resistance$69.04
3rd Resistance$70.19
1st Support Level$64.69
2nd Support Level$63.54
3rd Support Level$61.94
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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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