Monero’s last 24 hours have been full of heavy fluctuations. Over this period, there has been a downfall of 1.14%, and the current price of XMR coin rests at $58.577 now. However, the currency may go through a bullish trend in the coming few days.
Monero price was being traded at $59.256 on the opening of the day, and over the next 10 hours, it went through a massive price decline to the extent of 3.59%. This swing pulled the XMR price down to $57.13. It was followed by a 4.06% hike that helped Monero coin to add $2.31 to the value. By 20:43 UTC, the price reached $59.452, the apex point for the day. Later, it started trading downwards again. Between 20:43 & 02:05 UTC today, Monero reflected a downside movement of 1.85% and got placed at $58.361.
Monero’s current price has managed to trade above its 50 days and 20 days moving averages. It hints at the probable improvement in the price of XMR coin in the coming few days. It may stumble upon the next resistance point at $60.28. The medium-term outlook of Monero may get bullish.