Monero (XMR) Price Analysis : Bulls Attempt to Repair Bearish Damage

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

Monero (XMR) Statistics: Currently, the Price of the Monero is trading at $72.96 and its value decreased by 5.11% within 24 hours. The market capitalization of the currency is $1,256,293,583 and the 24-hour volume of the currency is $91,990,851. The circulating supply of the currency is 17,219,511 XMR and the ROI is 2,849.31%.

Yesterday, the currency was trading at a value of $76.83 at 15:44 UTC, the market capitalization was $1,322,843,942 and the 24-hour volume was $86,246,654. Yesterday the currency was trading along with bullish movement and today the bears in under control of the price movement. Earlier this week the currency has secured the place near the value of $80 and further, it reached around $82.65. Unfortunately, the currency dropped down and reached below the value of $80.

Monero’s Price Analysis: The RSI of the pair of XMR/USD was attempting to push the price overhead average. The investors are waiting for some balance in the value of the currency. The bulls were in the control yesterday as the moving average of the currency is showing coinciding divergent trend. The MACD was also in a positive area and showed a bullish rally.

Also, the SMA of the 100-day on the hourly chart is giving support to the pair at the value of $75.45 and on the other hand, the SMA of 50-day will showing support at $75.046. The main support levels of the currency are near the values of $65 and $70 and the main resistance levels are around the value of $80.

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