Altcoins News
By Steven Anderson
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Monero has gained more than 3.1% within 24 hours. The resistance level for the token is $68, $70, and $72. Support levels are seen at $56, $54, and $52.
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The price action of the XMR has seen sand witched between upward sloping lines parallel to each other.
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A break out beyond the ascending channel is indicative of the continuation of the uptrend. A break down usually indicates a trend change in the direction of the breakdown.
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At the time of reporting, Monero has been trending in ranges at $63.52. The trend is now focusing on the upward direction providing for a retest at $61.
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There is immediate support at $60 on the downside. The critical level of support is seen at $58.
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When the price of the Monero is compared with the Bitcoin, Monero is Bullish. The bullish appearance is because the price tends to rise above 6708 Satoshi.
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The positive momentum of Monero provides that the prices would continue to rise. XMR's futures contracts launched by Dubai-based BTSE exchange are available for trading with…
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"In listing Monero, we hope not only to provide our users with more choice when it comes to their trading needs but to spark a conversation on how to list privacy coins in a…
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With futures trading, XMR will have improved liquidity in the market. Monero Futures 2.0 makes it one of the competitive futures in the market, considering they are flexible,…
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Monero being a privacy coin, is subject to several criticisms considering their privacy features and the kind of services they offer to their users.
The Currency Analytics
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