Monero (XMR/USD) Price Analysis: What is going on with current price action?

0
  • 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. 

Get the 5 most predictable currency pairs

About Author