- Monero trades 6% higher as the whole crypto space catches a bid.
- The pair also broke the psychological 60.00 level.
XMR/USD 4-hour chart
Monero has pushed 6% higher and this ensured the uptrend continued. The key event of the day was the break of the psychological 60.00 level. If this rally is sustained then the next resistance level on the upside comes at 65.00. Beyond that, the blue horizontal line at 70.00 is the next level on the upside.
Looking at the indicators, the price is now trading comfortably above the 55 and 200 moving averages. The relative strength index is now in the overbought zone which could indicate a short term pullback is on the cards. Unfortunately, the volume has not risen to records seen in the past as this would be a great confirmation of the trend. That said, the trend is still moving higher and making higher highs and higher lows so long may it continue and higher levels seem to be on the horizon.
|Today last price||60.3674|
|Today Daily Change||3.3646|
|Today Daily Change %||5.90|
|Today daily open||57.0028|
|Previous Daily High||57.4041|
|Previous Daily Low||54.8053|
|Previous Weekly High||57.4679|
|Previous Weekly Low||51.0848|
|Previous Monthly High||70.2655|
|Previous Monthly Low||26.0055|
|Daily Fibonacci 38.2%||56.4114|
|Daily Fibonacci 61.8%||55.7981|
|Daily Pivot Point S1||55.4041|
|Daily Pivot Point S2||53.8053|
|Daily Pivot Point S3||52.8053|
|Daily Pivot Point R1||58.0028|
|Daily Pivot Point R2||59.0028|
|Daily Pivot Point R3||60.6015|
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