XMR Price Analysis – June 13
Monero keeps the intraday earnings after the bears withdraw.
Resistance levels: $70, $75, $80
Support levels: $60, $55, $50
Monero (XMR) is moving upward as the cryptocurrency market corrects itself after the huge gains made yesterday during Asian hours. Monero made a slight increase in the opening price from $65.73 to a peak of $67.26. Monero is one of the few digital currencies that keep intraday gains.
Currently, XMR/USD is hovering at $65.92 gaining about 0.38% at the time of writing. Looking at the north, the immediate resistance is $68, which may allow a new retest at $69. A correction above the moving averages may pave the way for gains at $70, $75, and $80 resistance levels.
On the downside, immediate support is located at $63. It is important to note that $61 is a key level of support, while the main support levels are $60, $55, and $50, but the RSI (14) is bullish while the trading volume is moving high.
Against Bitcoin, the market price remained in an uptrend movement, trading above the 9-day and 21-day moving average, currently hovering around 7007 SAT and still expecting to move higher as the trading volume rises up too. Looking at the chart, we can see that the bulls are coming up into the market.
However, if the market drops, the next key supports may likely be at 6600 SAT and below. On the bullish side, a possible rise could take the market to the resistance level of 7400 SAT and above as the RSI (14) moves above 50-level.
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