XMR Price Analysis – September 29
Monero (XMR) maintains intraday gains as bulls retreat. XMR/USD is exploring higher levels above $95.
Resistance levels: $101, $103, $105
Support levels: $90, $88, $86
XMR/USD turns green as the market follows today’s bullish movement. Monero edged up slightly after going from $93.43 to $97.58 with a gain of 1.42%. XMR/USD is currently at $96.41, trading above the 9 and 21 day moving averages. It is one of the few digital currencies that maintain intraday profits at the time of writing.
What to Expect from Monero (XMR)
Looking at the daily chart, a correction above the channel could pave the way for gains in resistance levels of $101, $103, and $105. On the downside, immediate support is $95. It is important to note that $92 is a key level of support, while the main support levels are $90, $88, and $86, but the technical indicator RSI (14) is hovering above the 55-level, indicating an upward trend.
XMR/BTC Market: Still Following the Bullish Movement
Against Bitcoin, the market price follows the uptrend and touches the high 9039 SAT today. The coin is currently trading at 8944 SAT within the ascending channel. The daily chart reveals that if the coin moves below the 9-day and 21-day moving averages, the bears may step back into the market.
Moreover, if the market price drops further, the next key supports may be at 8400 SAT and below. On the bullish side, a continuous rise above the channel could push the coin to the resistance levels of 9400 SAT and 9500 SAT. According to the daily chart, the RSI (14) remains above 60-level, which could give more bullish signals.