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Monero (XMR/USD) Technical Analysis: During Technology Upgrade

  • Monero price under-performed on Thursday, down almost 2% in the latter stages of the session.  
  • The foundation underwent an upgrade to its technology. Implenting ‘Bulletproofs’.  
  • XMR/USD is testing the lower part of a range-block, support holding for now, during current downside pressure.  

 

XMR/USD 60-minute  chart  


 

Spot rate:                   107.053

Relative change:       -1.80%

High:                          109.700

Low:                           106.540

 

Trend:                        Bearish

 

Support 1:                 106.500, 100MA (60-minute).  

Support  2:                 106.070,  lower support of range-block.  

Support  3:                 101.150, demand zone. .  

Resistance  1:            108.150, 50MA (60-minute).  

Resistance  2:            109.700, upper part of range-block.

Resistance  3:            110.615, resistance on 60-minute chart.

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