Monero Technical Analysis: XMR/USD deadly narrowing price range, with bears set to dig in their sharp claws to drag Monero lower

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  • Monero was seen down in the latter stages of Tuesday over 8% in the session.
  • XMR/USD hasn’t been allowed much breathing space from the selling pressure, which is intense across the crypto market. 

 

XMR/USD 30-minute chart

 

Spot rate:                   80.470

Relative change:       -8.23%

High:                          87.602

Low:                           76.074

Trend:                        Bearish
 

Support 1:                  79.950, (support on 30-minute chart). 

Support  2:                 79.427, demand zone. 

Support  3:                 76.074, today’s (Tuesday) low & demand zone. 

Resistance 1:            82.040, (resistance on 30-minute chart). 

Resistance 2:            83.528, 50MA.

Resistance 3:            85.150, supply zone.

 

 

 

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