XMR/USD explores higher levels towards $100 from $70.00 primary support. Monero holds on to the intraday gains as bulls retreat. Monero is in the green amid a sea of red. The cryptocurrency market is making a correction after formidable gains on Friday during the Asian hours. Like Bitcoin which soared above $10,500, Monero made a shallow rise from the opening price at $82.36 to a high at $84.33. Monero is among the few digital currencies that are holding on to the intraday gains. At the time of writing, Monero is teetering at $83.52 following a 1.3% rise on the day. Glancing north, the immediate resistance is at the 50% Fibonacci retracement level taken between the last swing high at $98.35 to a swing low of $72.01. Correction above the 50 Simple Moving Average (SMA) will pave the way for gains towards $100. On the downside, the immediate support is seen at the 38.2% Fib retracement level. In addition to that, 100 SMA currently at $81.09 is in line to offer support. Importantly, $80.00 is a key support area while $70.00 holds as the primary support area. XMR/USD 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold consolidates Thursday’s gains below $1440 ahead of US NFP data FX Street 4 years XMR/USD explores higher levels towards $100 from $70.00 primary support. Monero holds on to the intraday gains as bulls retreat. Monero is in the green amid a sea of red. The cryptocurrency market is making a correction after formidable gains on Friday during the Asian hours. Like Bitcoin which soared above $10,500, Monero made a shallow rise from the opening price at $82.36 to a high at $84.33. Monero is among the few digital currencies that are holding on to the intraday gains. At the time of writing, Monero is teetering at $83.52 following a 1.3% rise on the day.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
