XMR rejected at higher levels, 200-SMA support holds the key

  • XMR/USD hit the highest levels in nine days at $165.66.
  • The coin broke the rising channel to the upside on the 4H chart. 
  • RSI recedes from the overbought territory but stays bullish.

Monero (XMR/USD) witnessed a quick retracement from nine-day highs of $165.66, holding a major part of the intraday gains so far this Sunday.

The digital asset saw a fresh spurt of buying after it recaptured the critical 100 and 200-simple moving averages (SMA) on the four-hour


Source link

About bitcoin

Check Also

How Does the Chart Look Wednesday?

How Does the Chart Look Wednesday?

News Home Wednesday, February 01, 2023 04:11 PM | InvestorsObserver Analysts Monero Classic receives a …

Leave a Reply

Your email address will not be published. Required fields are marked *