Cryptopolitan
2021-09-15 02:28:18

Monero price analysis: XMR targets $280

TL; DR Breakdown Yesterday, XMR/USD was in a bullish trend.The general cryptocurrency market is bullish.Day traders should buy Monero and hold it until the price. Monero price analysis: General price overview Yesterday, XMR/USD was in a bullish trend. On the other hand, the coin experienced a powerful bear movement before closing yesterday’s Monero price analysis. When the daily price chart set in, this bearish pattern was reversed, pushing prices upward and forming head and shoulder trends to the intraday highs of $285, where it met stiff resistance from bears that caused the price to drop somewhat. The Bollinger is wide in most trading sessions on the daily Monero price analysis chart, with the price trading towards the upper band. This is a bullish signal and an indication of a highly volatile market. Bulls are battling back for the lead as the price of Monero continues to rise, according to the 1-day Monero price analysis. The cryptocurrency market has been very active this past week, with prices continuously dropping. The buyers fell apart after the price hit $286, which was much more significant than anticipated. They have successfully moved the price to $285.2, having dropped it below $260. The moving average (MA) is still higher than during the previous week, which means that the bears are in front by a small margin: It stands at approximately $261. Source: Coin360 The general cryptocurrency market is bullish, ...

Get Our Newsletter
Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only and procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.