- Monero loses 2.87% to touch $80 in the last 24 hours
- The next resistance for XMR coin may come at $49.35
Though certain coins have started recovery, Monero is yet to make its first step. Over the last 24 hours, it has been down by 2.87% that took the XMR price to $46 from $48. There have been three major price swings in this period, and the range of the swings lies between $49.73 and $46.41.
Monero Price Analysis
XMR coin opened the day at $48.187, and over the initial one and a half hours, it lost 3.68% value and got placed at $46.41. It was followed by a 7.16% hike that added $3.22 to the value and Monero coin could scale to the highest of the day at $49.73 by 10:58 UTC. The last variation happened between 10:58 and 01:15 UTC today, and over these 14 hours, Monero got weakened and with a loss of $2.96, it got confined to $46.76 from $49.73.
Monero’s market cap has shown a significant decline over the last 24 hours. It was at 831.035 million USD on December 19, and as of now, it has been decreased to 822.005 million USD.
The 20 days MA of XMR coin stands at $46.842, and it’s 50 days MA is now at $46.895. It is currently being traded at 46.803 USD that is 0.19% and 0.08% less than the 50 days and 20 days moving averages, respectively. Monero is unlikely to show any abrupt growth in the next few days and it may find the next resistance at $49.35.
|Monero (XMR)||Resistance and Support Levels|