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Monero price analysis: XMR/USD on fire as Atomic Wallet adds Monero support

  • Monero recovers from lows,  $130.00 within reach.
  • Atomic Wallet adds Monero support.

Monero (XMR) is changing hands at $127.70. The coin has gained over 6% since the start of the day and recovered all Tuesday’s losses.  Monero takes the 12th place in the rating of top cryptocurrencies with the total market value over $2B and daily trading volumes $42M.

The decentralized cryptocurrency exchange Atomic Wallet will add Monero support within the next two weeks, providing the privacy coin with new wallet solution and liquidity opportunities.  Atomic Wallet is  custody free, supports atomic swaps. It’s a welcoming news for Monero, as the native coin’s wallet is in user-friendly and pretty complicated.  

 “Let’s make a bet! We will add @monero to @atomicwallet in two weeks. And for on-chain anonymous $BTC – $XMR #AtomicSwap in less than two months. Remember this tweet! #Monero @fluffypony,”  Atomic Wallet wrote on Twitter.

Monero technical picture

XMR/USD bottomed out  at $106.42 and gained nearly 20% since that time. The first local support is created by 100-SMA (4-hour chart) at $124.70 and followed by $121.00 (50-SMA). On the upside, the resistance is created by psychological $130.00.  

XMR/USD, 4-hour chart

 

 

 

 

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