Price Analysis

Monero (XMR) Reflects Marginal Price Drop Since Yesterday

Monero price is dealing with the bear pressure. The movement of the XMR coin has booked a slight loss, but it is expected to increase soon. XMR coin had a flourishing week. The coin has been climbing in most of the days; hence, the selling pressure is expected. Talking about yesterday, Monero price touches a high at $79.55 and a low at $76.79. The volume marked on September 08, 2019 was $58,161,503. Let’s have a look at the intraday chart of Monero.

XMR to USD Price Chart:

The chart is taken from TradingView on 9th September 2019 at 09:19:41 UTC.

Monero Price Chart

Looking at the above chart, Monero is reflecting a downward movement. XMR price changed counters from $78.365 to $79.309 by 1.22%. Later, Monero price fell from $79.309 to $76.442 by 3.62%. The coin kept dealing at a low price level. XMR coin closed at $76.994 with an intraday regression of 1.69%. Today, the Monero opened with fall to the tune of 2% as the coin touched $75.453 from $76.994.

Current Statistics of Monero:

  • Monero price is trading at $76.480.
  • ROI is marked at 2991.72%.
  • The Market Cap is noted as $1,315,390,213.
  • Circulating Supply is at 17,199,053 XMR.
  • The 24hr volume is at $52,978,347.

Monero Price Prediction and Conclusion:

The current situation of the XMR coin might be disappointing, but the coin has given good return to investors in the past week. Monero has battled with the market trend and kept climbing up. We are speculative that it would happen with the coin again. Monero would once again come out of the fall and shine again.

In the coming days, the coin is expected to touch its major resistance level of $81.78 and on the downside, it will find support around $76.26. The long-term investment looks best for the coin. The same would bring huge profits for the traders.

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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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