Monero [XMR], Stood firm under pressure – Sentiment Analysis – April 18

[Domithra]

The cryptocurrency market looks steady as there have been no major changes in the price in one hour from 2:00 PM UTC to 3:00 PM UTC today. Ripple [XRP] was seen to be green throughout the day and so was Stellar Lumens [XLM]. Stellar gained 12.80% in the last 24 hours making it the biggest of the day till now and it is also the biggest gainer with 67.61% gain as of now. Bitcoin [BTC] looks reddish but manages to stay above the $8000 mark and at 3:05 PM UTC was seen to be trading at $8062.24 with a market capitalization of $136.936 billion. The coin has had a loss of 0.51% and it is looking to reverse it by the end of the day closing above $8000.

Our sentiment analysis segment comprises of crypto-related sentiments of people from around the world are concerning the current market trends. This segment also includes expert opinions of people who are active traders in the cryptocurrency market. The segment is carefully structured after interviewing a group of investors, miners, skeptics, analysts, influencers, and their valuable comments are recorded as it is. This analysis is focused on Monero which is currently at the 11th spot in the rankings.

Monero [XMR]

At 3:18 PM UTC, Monero was seen to be trading at $219.51 with a market capitalization of $3.499 billion. The coin has had a gain of 9.83% in the last 24 hours which makes it the second biggest gainer after Stellar Lumens. Monero recently had a bull run when it was trading at the $200 levels and it took it to $232 swing highs also marking the day’s highest price. After reaching the mark, the coin went on a sideways momentum before coming down a little. The coin was seen to have broken the upside resistance at $200-$205 and this might have triggered the bullish momentum.

source: AMBCrypto