Monero Value Escalates by 3% in Last 24 Hours

Berlin Monero meet-up was hosted today. And well, the hope is that users will surely learn about the credibility of XMR network.

Berlin Monero Meetup is coming up soon! RSVP now so you don’t miss out on the crypto convos! https://t.co/6Jr53dn1B3 #crypto #XMR #monero #cryptocurrency #moneromeetup #Berlin pic.twitter.com/MYSlRSXhxb

— GloBee (@GlobeeCom) October 9, 2019

XMR to USD 價格分析:

XMR is recently seen trading at $56.66 at 08:14 UTC hours as on October 10, 2019. In intraday trading, Monero was initially trading below the baseline at $54.88 at 04:45 UTC. The value then surged by 2.51% at 10:21 UTC and was seen trading at $56.25. The value slightly went descending by 1.93% at 13:03 UTC, with the trading value of $55.17.

The value then escalated by 4.64% at 22:06 UTC hours seen trading at $57.732. The value from then decreased by 1.85% as of now.

The fluctuations in the daily chart are commendable, but the average leads to a descending valuation. Speaking of short-term prognosis, the value might drop further by around 10% in the upcoming few days or week leading to valuation of around $50, if it plunges notably. The long-term movement, however, is predicted to have a good upsurge. To conclude, the short-term movement is predicted to be little crunch as the value might descent a little more.

The resistance and support level are calculated as follows:

Resistance Levels:

R1: $60.69, R2: $59.15, R3: $58.3

Support Levels:

S1: $55.91, S2: $54.37, S3: $53.52