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%.

Monero’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.