Monero (XMR) price movement reflects an uptrend in the intraday chart. This upsurge seems to be real, sustainable and not illusionary as we see many altcoins rising today
The year has started with improvement in the crypto market. The currencies are improving their momentum and looks like the same would initiate a price rally in the upcoming days. The traders and investors would have been waiting for the upsurge as it the had been notably despairing from quite some time now. Monero started the year trading at $44.58 and now it is dealing at $56.21. The market cap noted by the coin is $979,679,878 and the 24hr volume is at $61,644,743.
Yesterday, Monero started dealing at $50.48. The price escalated to $51.9 by 2.80%. The coin hovered around $51.9 for a while and further the coin continued to escalate. The price moved from $52.26 to $54.35. The closing hours brought slight drop in the price as the counters changed from $54.35 to $53.62 by 2.75%. The intraday movement in the coin brought 6.25% upsurge in the price. Today, Monero started dealing with an uptrend as the price moved from $53.62 to $56.21 by 4.82%.
The current price of Monero is at $56.22. The coin has already breached the immediate resistance level at $55.74. It looks like in some time the next resistance level would also be violated at $57.38. The intraday trading looks flourishing.
Monero is a high potential coin and it is recommended for the long-term traders and is expected to bring desire results to the traders. The short-term is likely to be risky, hence we wouldn’t suggest the same.