- Monero trades nearly 3% higher on Wednesday as crypto sentiment improves.
- The price is moving closer to the 200 simple moving average which has been rejected twice.
XMR/USD daily chart
Monero is having a good session on Wednesday and trades nearly 3% higher. The price is now heading toward the 200 day simple moving average (SMA) which has been used as resistance twice recently. It seems that this pair like the 200 SMA as you can see on the chart it has worked to good effect on a few occasions.
Looking at some of the other indicators now, the relative strength index indicator has moved above the 50 mid-line and there is still space to move higher as it is not in the overbought territory just yet. If the price does beak lower the next key support lies at the 50.00 level. On the topside, if the SMA does break then 64.00 looks like a pretty strong resistance.
|Today last price||56.8616|
|Today Daily Change||1.5605|
|Today Daily Change %||2.82|
|Today daily open||55.3011|
|Previous Daily High||55.8692|
|Previous Daily Low||54.1731|
|Previous Weekly High||57.4679|
|Previous Weekly Low||51.0848|
|Previous Monthly High||70.2655|
|Previous Monthly Low||26.0055|
|Daily Fibonacci 38.2%||55.2213|
|Daily Fibonacci 61.8%||54.821|
|Daily Pivot Point S1||54.3597|
|Daily Pivot Point S2||53.4184|
|Daily Pivot Point S3||52.6636|
|Daily Pivot Point R1||56.0558|
|Daily Pivot Point R2||56.8106|
|Daily Pivot Point R3||57.7519|
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