TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Monero technical analysis: XMR/USD is pushing to break the previous wave high

  • Monero is trading well despite general crypto sentiment faltering.
  • The price is now testing the previous highs on the hourly chart.
Monero technical analysis: XMR/USD is pushing to break the previous wave high
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XMR/USD 1-Hour Chart

Monero has pushed into positive territory while some of the other major cryptos falter.

The key level for the bulls is the psychological resistance at 60.00.

On the downside, support remains at 55.30. 

The area between is the consolidation area that traders find themselves within.

The price has moved above the 55 EMA on the hourly chart.

Monero Analysis

Additional Levels

XMR/USD

Overview
Today last price58.6036
Today Daily Change-0.0945
Today Daily Change %-0.16
Today daily open58.6981
 
Trends
Daily SMA2048.1397
Daily SMA5050.996
Daily SMA10054.6967
Daily SMA20069.3971
 
Levels
Previous Daily High59.8959
Previous Daily Low55.4186
Previous Weekly High51.7772
Previous Weekly Low44.2386
Previous Monthly High57.9591
Previous Monthly Low43.9944
Daily Fibonacci 38.2%57.129
Daily Fibonacci 61.8%58.1856
Daily Pivot Point S156.1125
Daily Pivot Point S253.5269
Daily Pivot Point S351.6352
Daily Pivot Point R160.5898
Daily Pivot Point R262.4815
Daily Pivot Point R365.0671

 

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

More from Rajan Dhall, MSTA
Share:

Editor's Picks

Ripple slides to $1.45 as downside risks surge

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.

Bitcoin slips below $68,000 as defensive stance limits recovery

Bitcoin slips below $68,000 as defensive stance limits recovery

Bitcoin edges lower on Tuesday, extending consolidation in a trading range for over ten days. Market conditions remain defensive, with sustainable recovery depending on renewed spot demand, report says.

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.

Meme Coins Price Prediction: Bears push Dogecoin, Shiba Inu, Pepe to the ropes

Meme Coins Price Prediction: Bears push Dogecoin, Shiba Inu, Pepe to the ropes

Meme coins, including Dogecoin, Shiba Inu, and Pepe, are under pressure on Tuesday, extending Sunday’s decline. The derivatives data show substantial outflows from DOGE, SHIB, and PEPE futures Open Interest, primarily driven by long-side-skewed liquidations. 

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

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: BTC bears aren’t done yet

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.