So, Monero (XMR) is rebound today. 11th place in cryptocurrency rating with a current market value of $1B and average daily trading volume $16M. XMR/USD is at $ 58 right now, previously shown a good result of $61.
The good news of today is that Monero holders now can store their coins on Ledger Nano S, thumbs up! But no reaction from market so far to this news.
As for the technical picture: On the 1-hour chart of XMR/USD you can follow the resistance zone created by a confluence of SMA50 and SMA100. For now a sustainable move above $61.90-62.00 area is to bring bulls into play. After, we should keep an eye on $66.00. This resistance stopped the recovery on Wednesday.
Have a good weekend and always trade with caution!
The good news of today is that Monero holders now can store their coins on Ledger Nano S, thumbs up! But no reaction from market so far to this news.
As for the technical picture: On the 1-hour chart of XMR/USD you can follow the resistance zone created by a confluence of SMA50 and SMA100. For now a sustainable move above $61.90-62.00 area is to bring bulls into play. After, we should keep an eye on $66.00. This resistance stopped the recovery on Wednesday.
Have a good weekend and always trade with caution!