Monero Technical Analysis: XMR/USD teasing price action around $100 mark, eruption looks imminent

Fibo Quantum

  • Monero was seen nursing some very minor losses of just around 0.5% in the latter part of Monday’s session.
  • XMR/USD continues to flirt in and out of the $100 mark, a large breakout looks to be in the works, to burst out of this narrow range.


XMR/USD 60-minute chart


Spot rate:                   98.283

Relative change:       -0.36%

High:                          102.600

Low:                           94.669

Trend:                        Bearish/Neutral

Support 1:                  93.418, 50MA.  

Support  2:                 91.400, (support on 60-minute chart).

Support  3:                 87/150, 14 August low. 

Resistance 1:            98.983, 100MA. 

Resistance 2:            102.610, (resistance on 60-minute chart). 

Resistance 3:            109.225, 18th August high.




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