Monero Technical Analysis: XMR/USD moving within an ascending channel, holding big gains of 5%, key support tested

  • 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.




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