- XMR/ETH trading will commence on June 8, besides the deposits of XMR will start on June 8 as from 16:00 GMT.
- XMR/USD downside has been supported by the short-term descending trendline, which also coincides with the 100 SMA.
Monero price is trading yet another bullish flag pattern, while it is a recording an increase of 2.2% on the day. XMR/USD used the 61.8% Fib retracement level with the previous swing high of $170.5 and a low of $157.2 as a support during the trading session yesterday. The crypto spiked and smashed its way above the key resistance at $170 before facing selling pressure slightly below $170.00.
The latest news in the market says that Monero has been added to Huobi. XMR/ETH trading will commence on June 8, besides the deposits of XMR will start on June 8 as from 16:00 GMT. On the other hand, the withdrawals will kick off June 10.
Monero price, like many other assets in the market, has succumbed to selling pressure in the past three weeks. The cryptocurrency declined and trade below $160, however, from June 6 XMR/USD has been battling to retrace its steps back above $200. The price is trading at $167, and the downside has been supported by the short-term descending trendline, which also coincides with the 100 SMA. The zone at the 38.2% Fib retracement level will offer support in the event of a break towards $160.
XMR/USD 15′ chart
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