Price Analysis

XMR Takes a Steep Dip; Trades Around $57

Monero price comparison over the past 5 days indicates the bearish run today. XMR was valued at $53.30 on October 13, 2019. For the next two days the trading price of the coin was almost constant around $53.53. On October 16, 2019 due to a sharp fall it was being traded as low as $51.78. The coin has shown a growth of almost 10% within a day’s time since the fall. Yesterday also it was being traded at the highest trading price of $60.47, however it has not been able to maintain its efficiency. While writing this comparison, XMR was indicating a downtrend.

Monero Price Analysis:

Monero Price

Monero indicates a bearish run today by 5% when compared to the trading price of yesterday. The same momentum is likely to continue tomorrow also with price slipping down, as manifested from the present movement of XMR.

Today, XMR is expected to be traded in the range of $54.03 and $59.86. We suggest selling the existing investment of XMR in hand today as per the current trend. XMR has got good potential in the long run and can reach a good trading height in the long-term.

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