Monero (XMR/USD) Technical Analysis: During Technology Upgrade

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  • Monero price under-performed on Thursday, down almost 2% in the latter stages of the session. 
  • The foundation underwent an upgrade to its technology. Implenting ‘Bulletproofs’. 
  • XMR/USD is testing the lower part of a range-block, support holding for now, during current downside pressure. 

 

XMR/USD 60-minute chart 


 

Spot rate:                  107.053

Relative change:      -1.80%

High:                         109.700

Low:                          106.540

 

Trend:                       Bearish

 

Support 1:                106.500, 100MA (60-minute). 

Support 2:                106.070, lower support of range-block. 

Support 3:                101.150, demand zone. . 

Resistance 1:           108.150, 50MA (60-minute). 

Resistance 2:           109.700, upper part of range-block.

Resistance 3:           110.615, resistance on 60-minute chart.

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