Monero (XMR) Exhibits Bullish Movement; Next Resistance Can Be $60

Currently, Monero indicates an uptrend, and it is trading at $56.38 as of now. XMR coin was priced at $53.889 on October 15, 2019. On the same day, due to the fall in price, it reached $51.797. Within the next two days, Monero’s price started to rise and was being traded at $60.542 on October 17, 2019. There was a growth of more than 16% within 2 days of the fall in price. On the next day, it was being traded at the price of $58.408 and $58.502 despite interim falls. While writing this, the XMR coin has managed to gain some pace, and the movement was an upward one.

Monero Price Prediction

Monero Price Prediction

Monero indicates an uptrend today by almost 5% as compared to the price of October 19, 2019. The same momentum may continue for some time. It may be traded in the range of $55 and $57 today.

As per the present movement, you can also purchase XMR coins to gain considerable returns in near-term. Chaikin Money indicator also points that Monero is reflecting an uptrend. It is suggested to trade from the long-term as it can reach as high as its 30-day high $74 by the end of the year. In such situation, traders should consider following levels to avoid losses in intraday trading:

Resistance & Support Levels

R1: $57.64, R2: $58.86 and R3: $60.61

S1: $54.67, S2: $52.92 and S3: $51.7

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