Monero News

Monero (XMR) Records 8% Hike Since the Last Week

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Monero was priced as low as $61.08 on November 2, 2019. On the same day, it was being traded at the lowest price of $60.56. However, XMR coin managed to rise and presented a growth of 7.10% the next day. On November 5, 2019, Monero’s price fell to $61.99, and then, it managed to reflect a growth by almost 4% the next day.

Monero Price

Monero Price Prediction

Monero is indicating an uptrend now by 3.70% as compared to today’s trading price. However, looking at the movement of the XMR coin, the price can fall by tomorrow and reach its immediate support of $63.70.

As per today’s trend, we suggest to hold the existing coins and retain the same for the long-term. Chaikin Money Flow indicator reflects the bearish movement. XMR can be traded in the range of $62.79 and $67.48 today. Over the past 5 days, despite the falls, the coin has managed to bounce back almost every time and has regained its efficiency. This shows the huge potential of the Monero and thus makes it a good investment.

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