Monero (XMR) price found support around its ascending trendline on Monday and bounced off 1.08%. At the time of writing on Tuesday, it continues to trade higher, around $206.77.
Monero price retested and found support around the ascending trendline (drawn by connecting multiple swing low levels from mid-November with a trendline) on Monday and bounced off 1.08%. At the time of writing on Tuesday, it continues to trade higher, around $206.77.
If XMR continues its upward momentum, it could extend the rally by 12% from its current levels to retest its December 16 high of $232.
The Relative Strength Index (RSI) on the daily chart reads 58, above its neutral level of 50, and points upwards, indicating bullish momentum.
Additionally, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover on Monday, suggesting an upward trend.
Another bullish sign is Coinglass’s XMR long-to-short ratio, which reads 1.20, the highest level in over a month. This ratio above one reflects bullish sentiment in the markets as more traders are betting for the Monero price to rise.
However, if XMR breaks below the ascending trendline and closes below $180.79, it could extend the decline to test its December 20 low of $167.
부인 성명:info@kdj.com
제공된 정보는 거래 조언이 아닙니다. kdj.com은 이 기사에 제공된 정보를 기반으로 이루어진 투자에 대해 어떠한 책임도 지지 않습니다. 암호화폐는 변동성이 매우 높으므로 철저한 조사 후 신중하게 투자하는 것이 좋습니다!
본 웹사이트에 사용된 내용이 귀하의 저작권을 침해한다고 판단되는 경우, 즉시 당사(info@kdj.com)로 연락주시면 즉시 삭제하도록 하겠습니다.
