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  • Monero was seen holding chunky gains of over 5% in the latter stages of trading on Friday.
  • XMR/USD price action is bouncing higher within an ascending channel, sen on the 60-minute chart.

 

 

XMR/USD 60-minute chart

 

Spot rate:                    96.290

Relative change:        +2.79%

High:                           98.416

Low:                            90.664

Trend:                         Bullish
 

 

Resistance 1:             98.416,  today’s (Friday) high.

Resistance 2:             99.580,   resistance on 60-minute chart & upper trend line of channel.

Resistance 3:             101.370, supply zone.

Support 1:                    96.120,  lower part of ascending channel.    

Support    2:                  92.330, 50MA.

Support    3:                  89.340, 100MA.