- The day’s range for the coin is 264.130-282.460.
- The trading volume is 237,147,756 in the last 24 hours and is down by almost 10%.
- The XMR-BTC pair is trailing at 0.007528 and XMR with ETH is 0.005631.
Monero has provided returns of nearly 18% in the entire zone when SMA-20 trailed above SMA-50 and SMA-200 and the movement of coins has always been so profitable in this tenure. The token marked the high of 339.7 in this zone. The trendline marked the higher highs and lower lows marked under the trendline. After marking the high it went steeply down on 7 September and later shifted towards the sidewards movement and is still following it.
The chart above shows the movement of SMA-20, SMA-50 and SMA-200. It is great to know for its holders that SMA-20 has been trying to recover and might chase the SMA-50 and 200 zone in the coming time.
As it is just a matter of time that the SMA movement will shift and the trend could change. The coin shows the neutral action with the RSI value of 53.087 in the last 5 hours. MA-5 and 10 show the buy action. Even MA-50 and MA-100 show the buy action in the same five hours time interval. The high and low shows the value of 0.000 and marks the neutral action.
Conclusion: The token has been forming the pattern of advance block bearish. In the coming days there are possibilities that a hike in the price of XMR might be visible. So if you are a short term investor then you may go with it and long it. Also the long term investor can buy now.
Since the SMA-20 has started to retrace, candles have touched the SMA-50 zone and it is a positive sign for XMR holders.
Technical Instruments:
Pivot: 269.233
R-1: 271.219
R-2: 272.447
S-1: 267.247
S-2: 266.019
