- The XMR coin price breaks below the 55-EMA during intraday.
- The 24-hour trading volume is at $197 million.
- XMR/BTC pair is trading positive by 5.6% at 0.00429080 BTC.
Moving Average (EMA) In the XMR coin daily price chart containing 8,13,21,55 EMA, it is a reliable support for currency price movements. Investors can find that price slips below the yellow line on the daily timeframe. It will guarantee an XMR downtrend as long as prices are below the moving average.
The volume (41.475 K) is below the 20-day moving average (105.098 K). The volume is moderate, so the cost is testing to break above the EMA for several days. Investors may also mark a decrease in volume. This indicates that unusual changes are expected on the following trading days.
XMR Coin Price Action Looks Bullish For The Near Term
The daily price chart of the XMR coin sustains above the support zone gradually. Depending on the price action, the support area is within $210 & $230. On the flip side, the resistance range to look for is around $310 & $330.
The RSI showed a signal of 46 (bearish) with a short-term sell sign. Investors may find that the indicator’s RSI line is running upside. A surge can happen on future trading days.
The MACD shows a (bearish) cross below the signal line on November 16, indicating a sell signal for the currency. In addition, investors can see red bars in the histogram indicator.
Conclusion
Monero’s price today is $243.73 with a 24-hour trading volume of $197,805,566. XMR price has been up 6.4% in the last 24 hours. It has a circulating supply of 18 Million XMR coins and a total supply of infinite.
RSI and MACD indicate a sell signal. Traders have directed moderate volume. In fact, the cost pulls back from the support zone. A market overview also shows that this pattern will continue to surge in the coming trading days.
Resistance Level: $310 & $330
Support Level: $210 & $230