• 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.

XMR 200 moving average

Additional levels


Today last price 56.8616
Today Daily Change 1.5605
Today Daily Change % 2.82
Today daily open 55.3011
Daily SMA20 55.1552
Daily SMA50 50.8594
Daily SMA100 62.6345
Daily SMA200 58.7214
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



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD: Sellers continue to lurk above $11,800, $12K still on cards?

Bitcoin consolidates the rebound on Sunday before the next leg higher. A test of $12K mark remains inevitable amid a potential symmetrical triangle. Upside remains more compelling, in light of a bunch of healthy support levels.

More Bitcoin News

LINK/USD consolidates the 52% surge to record highs of $13.66

Massive short-squeeze sent ChainLink skyrocketing on Saturday. The explosion higher lifted LINK/USD to the sixth most dominant crypto asset. Bulls take a breather after the extensive rally, what’ next?

More Cryptocurrencies News

ETC/USD storms towards $7.20 after symmetrical triangle breakout

The pullback in Ethereum Classic (ETC/USD) from $6.8844 appears to have gathered steam this Sunday, as the coin sees a rapid rise to the intraday highs above $7.15. The coin charts symmetrical triangle breakout on hourly sticks.

More Ethereum Classic News

Top 3 Price Prediction BTC, ETH, XRP: Crypto bears dominate, Ripple breaches $0.29

Ethereum is the main laggard among the top three cryptocurrencies on Sunday. Ripple breaches $0.2900 after rejection just below $0.30. Bitcoin continues to keep its range below the critical barrier at $11,817,

More Ripple News


Bitcoin Weekly Forecast: BTC hit the pause button before a decisive breakthrough

Bitcoin lived through a wild roller-coaster move during the previous weekend. The coin hit the new 2020 high above $12,000 and crashed to $10,500 in a matter of hours. 

Read the weekly forecast