XMR/USD’s price has gone down from $49.25 to $47.25, losing 4% of its price in the process. In the short term, the bulls need to breach $47.50 resistance line and the downward trending line. Bears have taken over the XMR/USD market, bringing the price down from $49.25 to $47.25. With the market losing 4% of its value, the bulls need to get together and break past the $47.50 resistance line to prevent any further downward momentum. XMR/USD daily chart The bears managed to break past the $47.50 support line. The bulls will need to breach the $47.50 resistance and the downward trending line. The 20-day Bollinger band shows that the market is becoming more volatile. The market is still trending above the 20-day simple moving average (SMA 20) curve, but the downward momentum may bring it to the bearish territory. The moving average convergence/divergence (MACD) histogram also corroborates that fact by showing the decreasing bullishness of the market. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next DJIA pressured on its advance to the 76.4% Fibo at 25668 FX Street 4 years XMR/USD's price has gone down from $49.25 to $47.25, losing 4% of its price in the process. In the short term, the bulls need to breach $47.50 resistance line and the downward trending line. Bears have taken over the XMR/USD market, bringing the price down from $49.25 to $47.25. With the market losing 4% of its value, the bulls need to get together and break past the $47.50 resistance line to prevent any further downward momentum. XMR/USD daily chart The bears managed to break past the $47.50 support line. The bulls will need to breach the $47.50 resistance and the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
