Monero (XMR) Escalated by More Than 5% From Yesterday’s Lowest Peak

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.

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
Monero Chart By TradingView

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

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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