Monero News

Monero Continues the Bullish Momentum; Nears $95 Mark

  • Monero adds 5.53% on the last day as the bullish trend continues
  • Investors may stumble upon the next resistance point at $98.88

Monero price is nearing a $95 price mark as it has managed to fetch a steady 5.53% increment over the last 24 hours. It may soon find itself at $97 in the short-term if the current momentum remains intact.

Monero Price Analysis

XMR coin was being traded at $89.84 at the starting of the day, and over the initial 5 hours and 41 minutes, it was up by 3.96% and touched $93.39. It was followed by a 3.35% price correction that deducted $3.13 from the value and confined Monero at $90.26. However, the currency couldn’t be kept at this low for long, and it started strengthening soon. By 01:57 UTC, XMR price was at $94.93, with an increment of 5.17%.

XMR Price NewsMonero’s current value at $94.81 is lagging behind its 50 days MA ($94.82) and 20 days MA ($94.83). However, the gap doesn’t seem to be a bigger one. XMR coin is likely to retain this trend for some more days. Its next resistance point seems imminent at $98.88.

Monero (XMR) Resistance and Support Levels
1st Resistance $97.06
2nd Resistance $98.88
3rd Resistance $102.5
1st Support $91.62
2nd Support $88
3rd Support $86.18

Jason Palmer

Jason Palmer joined CoinNewsSpan as an editor and analyst. He has over five years of experience as a forex analyst. He holds a master's degree in business administration with specialization in finance. He is actively involved in analyzing the prevalent crypto trends. He has a keen interest in commodities and forex trading.

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