- The XMR coin price is positive, around 2.2%, during the intraday trading session.
- The 24-hour trading volume is at $197 million.
- XMR/BTC pair is trading negative by -1.0% at 0.00558053 BTC.
Daily technical chart and price trend of XMR coin show a bearish trend. Based on the pivot level, the first support zone is 225 USDT. From another perspective, if it rushes, the resistance level to watch is 285 USDT. Thus, the graph made a bullish engulfing candle pattern during the day, and the cost is relied upon to remain upside with unwavering high force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost moves below the red ribbon and 200-EMA, so it will guarantee a downswing in XMR until it’s below the ribbon.
Trading volume (23.371 K) is underneath the 20-day moving average (113.906 K). To put it plainly, the volume is low, making the cost struggle at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The Schaff Trend Cycle indicator (bullish) with a 50 represents a buy signal in the coin, projecting an uptrend. Additionally, Investors can see a green buy signal and an upward curve in the index.
XMR Coin Price Expecting to Test 200-EMA
Monero is priced at $ 243.66 today and has a 24-hour trading volume of $ 197,421,478. XMR prices have risen 2.2% in the last 24 hours. It has a circulation of 18 million XMR coins and a total volume of infinite. The STC points to a selling indication, and the traders have prompted low volume. In fact, the cost struggles at the support level. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.
Resistance Level: $285
Support Level: $225
