Monero (XMR) Records 7.02% Drop in the Last 24 Hours

Monero has been through a price correction of 7.02% in the last 24 hours. It has traveled from $56.5 to $52.6 in these 24 hours. The three major price shifts show the struggle of XMR coin in the market.

Monero Price Analysis

Monero started the day near $56.5798, and over the next 2 hours and 49 minutes, it was up by 1.27% to touch $57.2990, the highest point of the day. It was followed by a whopping fall of 9.52% that took the XMR price to $51.8498 after a $5.45 fall. The last swing happened between 19:33 UTC and 02:22 UTC today, and this swing witnessed a freefall of 2.27%. It placed XMR price at $52.7139.

Monero Price
XMR Chart By TradingView

Monero’s market cap also has been hit in these 24 hours. Between October 23 and today, the market cap has gone from 915.63 million USD to 907.21 million USD.

Currently, the XMR price stands at $52.6069, its 50-days average is at $63.05921, and 20-days average is at $54.9621. Its current price is 16.57% and 4.28% less than the 50 days average and 20 days average, respectively. Therefore, according to XMR price prediction, Monero’s next halt may come at $56.32.

Monero (XMR) Resistance and Support Levels
1st Resistance $56.32666667
2nd Resistance $59.64333333
3rd Resistance $61.72666667
1st Support Level $50.92666667
2nd Support Level $48.84333333
3rd Support Level $45.52666667

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