Home Monero Technical Analysis: XMR/USD deadly narrowing price range, with bears set to dig in their sharp claws to drag Monero lower
Crypto News

Monero Technical Analysis: XMR/USD deadly narrowing price range, with bears set to dig in their sharp claws to drag Monero lower

  • Monero was seen down in the latter stages of Tuesday over 8% in the session.
  • XMR/USD hasn’t been allowed much breathing space from the selling pressure, which is intense across the crypto market.  

 

XMR/USD 30-minute chart

 

Spot rate:                    80.470

Relative change:        -8.23%

High:                           87.602

Low:                            76.074

Trend:                         Bearish
 

Support 1:                    79.950, (support on 30-minute chart).  

Support    2:                  79.427, demand zone.  

Support    3:                  76.074, today’s (Tuesday) low & demand zone.  

Resistance 1:             82.040, (resistance on 30-minute chart).  

Resistance 2:             83.528, 50MA.

Resistance 3:             85.150, supply zone.

 

 

 

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.