The 23.6% Fibo will support the price at $124, but other support areas are $122 and $115. The majority of Monero trading takes place on HitBTC exchange with 25.38% in the last 24 hours. Monero price is the shining star in the market among the top 20 digital assets. It has also recovered from an 8-months low slightly above $100. XMR/USD is up over 5% on Monday and has broken above the resistance at $122. The price tested the key resistance level at $130 but lacked enough momentum to overcome the sellers’ influence. There is an immediate support that has been formed at $126, besides there is a bullish trend in progress on the chart. The ascending trendline will also prevent the gains at $130, which also means that this level is a significant hurdle to the upside movement. On the downside, if the immediate support at $126 does not stand its ground, the 23.6% Fib retracement level with the last swing high of $128.6 and a $107.8 low will offer support around $124. Other support areas include $122 and $115 respectively. Trend indicators like the moving averages and the stochastic are showing the presence of strong bullish momentum in the short-term. Monero is ranked the 13th cryptocurrency and has a market capitalization of $2,064,293,197 according to CoinMarketCap. The trading volume has also increased significantly from $33,435,900 to $43,806,700 at the time of writing. The majority of Monero trading takes place on HitBTC exchange with 25.38% in the last 24 hours while Binance comes second at 12.57% XMR/USD 30′ 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 EUR/USD clinches multi-day tops near 1.1700 FX Street 4 years The 23.6% Fibo will support the price at $124, but other support areas are $122 and $115. The majority of Monero trading takes place on HitBTC exchange with 25.38% in the last 24 hours. Monero price is the shining star in the market among the top 20 digital assets. It has also recovered from an 8-months low slightly above $100. XMR/USD is up over 5% on Monday and has broken above the resistance at $122. The price tested the key resistance level at $130 but lacked enough momentum to overcome the sellers' influence. There is an immediate support that has… 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.