Monero News Today
The lead maintainer of Monero (XMR), Riccardo “Fluffypony” Spagni has stepped down after five years, and now, Fluffypony will continue as a reinforcement maintainer.
XMR Price Prediction
Monero coin was traded at $52.89 on December 13, and the trend was an upward one. On December 14, though the coin dropped by 4%, the trend was maintained. For the next two days, the XMR prices were almost stable without any major change. There was a sharp drop of 4.40% on December 16 due to which Monero price reached $48.43. On the next day, there was a sharp fall again, with the price dropping further to $46.33. After this fall, there have been multiple price drops and XMR seems to be losing focus.
The coin is showing a marginal rise of 1.36% since yesterday. As per the Monero Prediction and current trend, the price might trade slightly upwards, with the price reaching $46.22.
We recommend to hold the existing coins today as per the trend. The past five days’ price evaluation shows the bullish dominance for the first three days, and since December 16 onwards, Monero’s price has not been able to pick up the pace. If it is traded with a long-term focus XMR price may reach as high as $53.23 in the upcoming weeks.
Resistance & Support Levels:
R1: $48.2, R2: $51.45 and R3: $53.23
S1: $43.17, S2: $41.39 and S3: $38.14