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Cryptocurrency Ecosystem => Monero Forum => Privacy Coins Forum => Monero News & Updates => Topic started by: sirty143 on June 16, 2019, 10:43:48 AM

Title: $100 is a Crucial Level for the XMR Bulls, Can it Break?
Post by: sirty143 on June 16, 2019, 10:43:48 AM

For the past two months, Monero has been following a bullish sentiment as the cryptocurrency trades within an ascending channel. After testing $100 in late May, Monero XMR, 2.92%price dropped to the $80 area, where the lower channel lies. Now, the market has rebounded higher after a seven days positive move, bringing the current trading price to $96. The bigger picture is clearly revealed on the daily RSI; following an upward movement after testing the 50 level. We can now say the buyers are gaining control of the market. The next key resistance for the bulls lies at $105 and $110 levels. See more for yourself, here... (https://coincodex.com/article/3823/monero-price-analysis-100-is-a-crucial-level-for-the-xmr-bulls-can-it-break/?utm_source=push_notification&utm_content=news)