Monero recently received the rating of ‘not a security’ by the Crypto Rating council. The council was created by Bittrex, Coinbase, Poloniex, Grayscale, Genesis, Cumberland, and Kraken.
Monero has received a 'not a security' rating (best possible rating) by Crypto Rating Council (joint council created by Coinbase, Kraken, Circle/Poloniex, Bittrex, Cumberland, Genesis, and Grayscale)! https://t.co/Uu1w1wKHPt
— Monero || #xmr (@monero) September 30, 2019
Today, XMR price is trading at $57.646 at 04:42 UTC. The fluctuations in the last five days were quite noticeable. Monero was initially seen trading at $59.854 on September 26 at 12:10 UTC. The value then dropped by 8.35% on the same day at 16:30 UTC, when the value was seen trading at $54.856.
Monero price from then escalated by 6.32% on September 28 at 22:40 UTC seen trading at $58.3211. The price then dropped by 8.28% to the lowest on September 30 at 06:40 UTC with the trading price of $53.492. The price of XMR coin from then increased by 8.05% as of now.
Monero Price Prediction
Currently, Monero price started trading above the baseline, which means this might be a good time to enter the network. However, the movement of XMR price can help you to earn profits based on the support and resistance levels for intra-day trading.
In the next one month and more, the price might escalate in the upward motion. Hence, you should watch the trend closely and trade accordingly and enjoy returns in the coming few months.
The resistance and support levels are calculated as follows:
R1: $58.04, R2: $59.27 and R3: $61.33
S1: $54.75, S2: $52.69 and S3: $51.46