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Monero Technical Analysis: XMR/USD teasing price action around $100 mark, eruption looks imminent

  • Monero was seen nursing some very minor losses of just around 0.5% in the latter part of Monday’s session.
  • XMR/USD continues to flirt in and out of the $100 mark, a large breakout looks to be in the works, to burst out of this narrow range.

 

XMR/USD 60-minute chart


 

Spot rate:                    98.283

Relative change:        -0.36%

High:                           102.600

Low:                            94.669

Trend:                         Bearish/Neutral
 

Support 1:                   93.418, 50MA.    

Support    2:                  91.400, (support on 60-minute chart).

Support    3:                  87/150, 14 August low.  

Resistance 1:              98.983, 100MA.  

Resistance 2:             102.610, (resistance on 60-minute chart).  

Resistance 3:             109.225,  18th August high.

 

 

 

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