Monero News

Monero (XMR) Trades Exceptionally Amid the Bear Sentiments

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Analyzing the past 7-day movement of Monero, we see that the coin is reflecting a bullish run, since November 03, 2019. It was trading at $59.16 on November 1, 2019 and the trend continued to be bearish for the next 2 days. There was a growth of 6.30% on November 3, 2019 and post this date the trend for the coin has changed with XMR maintaining its bullish run throughout, until the time of writing. There were minor falls on November 5, 2019 with prices reaching $61.99 however it managed to bounce back and show a rise of 3.85%, on the next day. The highest trading price for the week was observed yesterday which was $65.94.

Monero (XMR) Price Analysis:

XMR Price Chart

Today, XMR is reflecting an uptrend by 0.26% as compared to yesterday’s price when it was valued at $63.18. The coin has been moving exceptionally well even in the bear market sentiment when almost all the coins have lost their traction the market including the major forces viz., Bitcoin, Ethereum and XRP.

Monero is presently an affirmative investment option and therefore going long with its investment may fetch good returns in future. Today, XMR is expected to be traded within the price range of $62.59 and $63.80. The MACD is slightly below zero which is due to a slight plunge in the intraday movement of the coin. As per the RSI indicator, XMR holds no extremities at present.

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