Monero (XMR)
Price Analysis

Monero (XMR) Reflects Improvement Amid the Bearish Market

  • Monero price surges by 2% amidst heavy market pressure

XMR coin is demonstrating a bullish trend in the bearish market. The top players of the market are at the marginal low, but Monero has managed its price trend. The traders are quite surprised by the Monero price movement. The market pressure might get strong in some hours. The same might affect the coin and bring the price down.

XMR/USD Price Chart: (1-Day)

Monero Price

Monero started dealing at $53.79 in yesterday’s price movement. The price dropped in the opening hour to $52.75 by 1.94%. Then, the coin escalated from there and touched $54.23 by 2.57%. There was a slight drop in the coin that brought XMR price to $53.38 by 1.56%. The price jumped to $54.60 by 2.29%. The intraday movement brought a progression of 2.99%. Today, Monero price jumped to $55.39 but soon dropped to $54.46 by 1.69%. Later, the price escalated again and touched $55.20.

Monero Price Prediction

The XMR price is currently dealing at $55.036. The coin has already breached the immediate resistance level at $54.79. If the momentum improves, the currency will find the next resistance level at $55.

Monero is a high potential coin. The currency is recommended for long-term traders. The same is speculated to give a colossal return in the future.

Resistance Level Price
R1 $54.79
R2 $55.54
R3 $56.68
Support Level Price
S1 $52.9
S2 $51.76
S3 $51.01

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