- Monero trading down on Thursday 1.45% towards the latter part of the session.
- XMR/USD has formed a bearish structure via the 4-hour chart view.
- A bearish pennant pattern, something similar seen across with other cryptos, subject to break lower.
XMR/USD 4-hour chart
Spot rate: 68.89
Relative change: -2.08%
High: 71.22
Low: 67.76
Trend: Bearish
Support 1: 68.27, lower part of pennant.
Support 2: 65.93, daily pivot point support.
Support 3: 62.53, daily pivot point support.
Resistance 1: 69.49, upper part of pennant.
Resistance 2: 72.06, daily pivot point resistance.
Resistance 3: 74.85, daily pivot point resistance.
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