Price Analysis

Monero (XMR) Records 4% Plunge Since Yesterday

Monero’s price is dealing with the downtrend. The coin has started price recovery as it touched $61 during the opening hours and is now at $62. The intraday traders can expect a profit digit towards the closing hours.

Monero Price Analysis

Monero is reflecting price growth since the opening of the month. On November 01, 2019, the XMR coin started at $59.26, and today the price is noted as $62.066. The slight uptrend in the price is indicating towards a flourishing time ahead. If we observe yesterday’s statistics, Monero’s price was seen touching a high at $65.78 and a low at $61.95. The volume noted in XMR coin was $149,260,331.

Now, let’s have a look at the intraday chart of XMR coin to understand the momentum of the coin.

Monero Price

Yesterday, the price started dealing at $55.081. The currency slipped to $64.18 by 1.38% in the later hours. The price escalated to $65.15 by 1.52%. Further, the coin jumped to $66.264 by 3.21%. Later, the Monero price dropped to $62.41 by 5.81%. Later, the coin slipped to $62.02 by 0.62%. The overall intraday movement in the coin reflected fall of 4.69%. Today, the XMR coin opened the day at $62.The price slipped to $61.20 by 1.29%. Recently, the price recovered to $62.36 by 1.90%.

Monero is currently dealing at $62.06. The price seems to be tilted towards the immediate support level. The next support level is speculated to breach in the coming hours. If the movement of the coin reverses, then there is a possibility for the price might touch the immediate resistance level at $64.51. The currency is speculated to give the best result to the long-term traders.

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