Monero News

Monero (XMR) Price Soars During the Intraday Movement

  • Monero price returns to $47 after touching 90-Days low at $44.39
  • The intraday movement has spiked some hope among the traders

The crypto market has improvement on the intraday chart. The upsurge started yesterday, and which continued even today. Bitcoin was spotted around $6,600 on yesterday is now at $7,100. The BTC usually anchors many coins. Monero is walking on the same path. The price was spotted touching $44.39 is now at $47. The improvement is anticipated to help the traders from recovering the previous loss in the coin.

Monero Price Prediction

XMR News PriceYesterday, Monero started the day at $45.23. The price moved to $46.72 by 3.31% hike. The price couldn’t hold itself and fell to $45.5. Amid ups and downs, the currency again dropped to $44.15 by 4.13%. The XMR price jumped to $46.94 by 6.54%. The coin price slipped again to $46 by 2.12%. Later, the price counters jumped to $49.43 by 7%. The closing hour brought the price to $48.23 by 2.36%. The intraday movement in the coin brought 6.61% profit. Today, Monero is experiencing a heavy fall. The currency has touched $46.29 from $48.23 by 3.01%.

Monero price is slipping towards the immediate support level at $45. It looks like in some hours, the coin would breach the said level. However, if the XMR price reverses the immediate resistance level is at $49.64.

Resistance Level Price
R1 $49.64
R2 $51.36
R3 $53.98
Support Level Price
S1 $45.3
S2 $42.68
S3 $40.96

Monero is recommended for long-term investors. However, the current market scenario is speculating risk if the investment is made at the moment. Hence, we would suggest to hold the investment for a while.

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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