Price Analysis

Monero’s Struggle Continues; Lose 2.71% overnight

Monero (XMR) has lost 2.71% over the last 24 hours, and it has been through three major price swings over these hours. The range of the swings has been between 63.843 USD and 60.75 USD.

Monero Price Prediction:

XMR coin opened the day at 63.843 USD, and in the initial 10 hours, it lost 4.83% value to touch 60.75 USD. However, at 10:03 UTC, Monero started showing signs of strength and gained 3.13% value to reach 62.6568 USD.

The last swing of Monero price happened between 16:05 UTC and 23:27 UTC and in these 7 hours and 22 minutes, XMR lost 1.94% to touch 61.4433 USD. After this drop, it recovered slightly, and currently, it is trading at $62.1067.

Monero (XMR) Forecast
XMR Chart By TradingView

The Market Cap of Monero has, however, shown a different trend. Between November 11 and 12, the Market Cap has risen to 1.080 billion USD from 1.071 billion USD.

XMR coin’s 20 days average stands at 62.2008 USD, and it’s 50 days average is at 62.0830 USD. The current price at 62.1067 USD is 0.38% and 0.15% more than the 50 days and 20 days moving averages, respectively. Monero may find the next resistance at 63.62 USD.

Monero (XMR)Resistance and Support Levels
1st Resistance$63.62
2nd Resistance$65.31
3rd Resistance$66.4
1st Support$60.84
2nd Support$59.75
3rd Support$58.06
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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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