Price Analysis

Monero (XMR) Follows the Market Trend; Loses 10% Overnight

  • XMR coin loses 10% in the last 24 hours and reached $46
  • The next halt is likely to come at $45

Monero could not withstand the market pressure of the last 24 hours, and it has been down by 10% in these hours. The value has now gone as low as 46.67 USD from 51.86 USD. The three price swings have been in the range between 51.86 USD and 46.22 USD.

Monero (XMR) Price Analysis:

XMR coin was being traded at 51.8652 USD at the starting of the week, and over the next 11 hours, it lost 3.22% and got placed at 50.1961 USD. The second variation happened between 11:07 UTC & 16:15 UTC, and in these 5 hours, it lost 6.07% to reach 47.9277 USD. The last price swing happened between 17:40 UTC & 01:40 UTC today, and this swing cost the coin 3.01 USD and pushed the Monero price to the lowest of the day at 46.22 USD.

Monero Price Chart
XMR Price Chart By TradingView

The market cap of XMR coin has shown a huge fall in these 24 hours. It was at 835.374 million USD on November 24, and it has been decreased to 820.366 million USD in the last one day.

Monero’s 20 days MA is 46.4721 USD, and the 50 days MA stands at 47.0414 USD. The current price of XMR is now at 46.6761, and it is 0.43% more than 20 days MA and 0.77% less than the 50 days MA. As per the current trend, the next halt is likely to come at 45 USD as its support.

Monero (XMR)Resistance and Support Levels
1st Resistance$50.96
2nd Resistance$53.7
3rd Resistance$55.07
1st Support$46.85
2nd Support$45.48
3rd Support$42.74
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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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