Monero (XMR) Manages to Retain the Value Above $45 Despite the Volatility

eToro

Though there is huge volatility in the market, Monero coin managed to stay above $45 mark. It has been through four huge price changes on the last day, and it faced a mere 0.32% decrease in the value in this period. XMR coin currently trades at $45.71.

Monero’s first swing happened between 00:02 & 07:59 UTC, and over these 7 hours and 57 minutes, the currency gained 1.68% that took the XMR price to $46.63 from $45.04. It was followed by a 3.41% decline in the value that cost Monero 1.58 USD and pushed the value to the lowest of the day at 45.04 USD by 16:34 UTC. The next few hours were bullish for Monero. An upward movement helped it to gain 2.76% and pushed the value to 46.28 USD by 20:49 UTC. At 20:49 UTC, Monero started falling and touched 45.69 USD by 02:33 UTC after a 1.29% loss.

eToro Crypto
Monero News
XMR/USD Chart By TradingView

Monero Price Prediction

Monero has experienced a decent loss in the market cap over the last 24 hours. Between December 25 & 26, the market cap has fallen to 801.205 million USD from 807.752 million USD.

XMR’s 20 days MA stands at $45.74, and it’s 50 days MA is now at $45.77. It is currently being traded at $45.71, which is 0.13% and 0.06% less than the 50 days and 20 days moving averages, respectively. The medium-term outlook of Monero may get bullish.

Monero (XMR) Resistance and Support Levels
1st Resistance $47.20
2nd Resistance $47.90
3rd Resistance $48.71
1st Support $45.69
2nd Support $44.88
3rd Support $44.18

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.

Related Articles

Back to top button