- The Monero (XMR) price was seen nursing losses of over 2% late on Wednesday.
- XMR/USD price action is currently moving within a range-block, but behavior still looks favorable to the bulls.
- Monero scheduled hard fork update due on Thursday 18th October.
XMR/USD 60-minute chart
Spot rate: 108.970
Relative change: -0.55%
High: 112.070
Low: 107.710
Trend: Bearish
Support 1: 106.070, lower part of current range & 50MA.
Support 2: 100.400, demand zone.
Support 3: 79.710, 14 August low area.
Resistance 1: 110.050, upper part of range & 100MA.
Resistance 2: 115.770, resistance on 4-hour chart.
Resistance 3: 119.82, high area of 3 & 15 October.
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