- Monero loses 2.93% in 24 hours and falls below $53
- The next resistance for XMR coin may come around $54
Monero (XMR) has shown a 2.93% decrease in the price against US Dollars in 24 hours and the value has now touched 52.99 USD from 54.60 USD. It has witnessed four major price variations in this period and the range of the swings is between 54.66 USD and 52.17 USD.
Monero Price Prediction
XMR coin kicked off the day at 54.60 USD, and over the next two hours, it fell by 2.40% and lost 1.30 USD to get placed at 53.29 USD. A 2.57% hike followed that added 1.36 USD and pushed the Monero price to 54.66 USD by 07:42 UTC. Then, the currency started weakening and lost 4.52% over the next 10 hours and 19 minutes to touch 52.17 USD, the lowest for the day. The last price swing was experienced somewhere between 18:00 and 01:54 UTC today, and over this almost eight hours, Monero managed to get a hike of 1.58% that took the price to 53.01 USD.
XMR coin’s market cap has witnessed an increase in 24 hours. It was 919.609 million USD on December 10, and it has been increased to 920.351 million USD as of now.
Monero’s 20 days MA stands at 53.0896 USD, and it’s 50 days MA is now at 57.4616 USD. The currency is trading below both the moving averages. However, as per the XMR Forecast and the current movement of the coin, its next halt may come at 54 USD shortly.