Price Analysis

Monero Gains Marginally Overnight; Next Resistance to Look for $65.35

Monero (XMR) has been up by 0.50% in the last 24 hours and it has been through three major price swings in these 24 hours. The three price swings have shown a range between 61.1100 USD and 65.0584 USD.

Monero Price Analysis:

XMR coin’s first swing started in the initial 11 hours, and 23 minutes of the day’s starting, and these hours, it lost 1.87% and placed at 61.1100 USD. It was followed by a hike of 6.42% that took the Monero price to 65.0584 USD, the highest for the day. It was followed by a slump in the value by 4.04%, and it dragged the XMR coin price to 62.4288 USD by 03:30 UTC today.

XMR to USD Price Chart
Monero Chart by TradinView

The current market cap has shown a decline from the value of November 03. In these 24 hours, it has been down to 1.089 billion USD from 1.097 billion USD.

XMR to USD’s 20 days average stands at 57.93368909 USD, and the 50 days average is 59.68538323 USD. The current price of XMR coin is 4.84% and 8.01% more than the 50 days average and 20 days moving averages, respectively. If the current trend persists, Its next resistance may come at 65.35 USD.

Monero (XMR)Resistance and Support Levels
1st Resistance$65.35
2nd Resistance$67.23
3rd Resistance$69.27
1st Support Level$61.43
2nd Support Level$59.39
3rd Support Level$57.51
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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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