XMR bears regain control, as technical set up points to further losses. Coin looks heavy on daily sticks after bearish pattern confirmation. Monero (XMR), the 14th largest cryptocurrency with the current market capitalization of $ 880 million and an average trading volume of $167 million, is the second-biggest loser among the top 20 widely traded cryptocurrencies. The coin has lost almost 6% over the last 24 hours and consolidates its latest bounce above 50.50, with the bears still in charge this Saturday. At the time of writing, XMR/USD trades near 50.75 region, having hit daily lows at 50.35. XMR/USD, 1-hour chart The coin battles the downward sloping 50-hour Simple Moving Average (HMA) near 50.75. Hourly Relative Strength Index (RSI) stands just ahead of the 50 level, almost flatlined. Bears will continue to guard the horizontal resistance near 52.50, as the path of least resistance appears to the downside. XMR/USD, daily chart Inverse Cup and Handle (bearish) pattern confirmed on Friday. The spot trades below all the key Daily Simple Moving Averages (DMA). Daily Relative Strength Index (RSI) is in an extremely oversold condition. Therefore, a rebound towards Friday’s high of 55.00 cannot be ruled out in the coming days. XMR/USD Levels to watch 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 Litecoin price prediction: Descending triangle breakdown, $ 43.00 back on sight? FX Street 3 years XMR bears regain control, as technical set up points to further losses. Coin looks heavy on daily sticks after bearish pattern confirmation. Monero (XMR), the 14th largest cryptocurrency with the current market capitalization of $ 880 million and an average trading volume of $167 million, is the second-biggest loser among the top 20 widely traded cryptocurrencies. The coin has lost almost 6% over the last 24 hours and consolidates its latest bounce above 50.50, with the bears still in charge this Saturday. At the time of writing, XMR/USD trades near 50.75 region, having hit daily lows at 50.35. XMR/USD, 1-hour… 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.
