|

Monero Technical Analysis: XMR/USD another breakout in the works, Litecoin's Charlie Lee says he is interested in Monero

  • Monero price on Tuesday was nursing minor losses, down around 0.8%. 
  • XMR/USD price action moves into consolidation mode, following excessive price action seen. 
  • The price is moving within a new range-block as seen on the 60-minute chart view. Behavior suggest a breakout could be right around the corner, given tightening observed. 
  • Litecoin creator Charlie Lee says he is interested in Monero. Noting that it is one of the most attention grabbing cryptocurrencies. 

XMR/USD 60-minute chart 


 

Spot rate:                  107.740

Relative change:      -0.80%

High:                         112.440

Low:                          108.140

Trend:                       Neutral/Bearish

Support 1:                106.260, 50MA (60-minute) chart & support. 

Support 2:                104.710, 100MA (60-minute). 

Support 3:                101.300, demand zone. 

Resistance 1:           109.465, resistance on 60-minute chart.

Resistance 2:           114.400, supply zone.

Resistance 3:           115.700, high area between 5-8 October.

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
Share:

Editor's Picks

Solana Price Forecast: SOL consolidation near resistance as ETF inflows offer mild support

Solana price is facing slight rejection as it approaches the upper boundary of the consolidation range at around $88 on Wednesday. Institutional demand is strengthening as spot Exchange Traded Funds recorded two consecutive inflows so far this week.

Bitcoin holds firm despite Middle East tensions, eyes recovery - K33

Bitcoin (BTC) held steady near $68,000 despite Middle East tensions, as K33 cited easing long-term selling pressure, rare derivatives signals, and improving inflows as indicators of a rebound.

Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple struggle for direction as consolidation persists

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market.

Ethereum Price Forecast: Whales step up buying as short positions contract

After holding firm heading into the last weekend, Ethereum (ETH) whales have returned to action, pouncing on the volatility stemming from escalating military actions between the US and Iran.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.