Monero price is tremendously falling during the intraday trading. The fall in the price seems to take the currency to an extreme low. A few weeks ago, the XMR price was spotted dealing around $46. The same was recorded as the 90-days low. Today, XMR coin is dealing at $53. The massive fall is scaring the traders.
Monero Price Prediction
Yesterday, Monero started dealing at $54.49. The price fell to $53.40 by 2.01%. Further, the price escalated to $54.61 by 2.24% hike. Amid ups and downs, the XMR price slipped to $53.56. Later, the coin jumped to $54.26 by 1.31%. Monero price dropped once again to $53.65 by 1.09%. The intraday movement of the coin brought 0.98% regression. Today, the price fell to $53.16 by 1.49%. Later, the coin price jumped to $53.96 by 1.51%, but again slipped and touched $53.22.
The intraday movement doesn’t reflect any sign of improvement. Monero price is trading at $53.63, which is near to the immediate support level. It won’t be surprising if the coin touches it in some hours.
| Resistance Level | Price |
| R1 | $55.19 |
| R2 | $56.13 |
| R3 | $56.84 |
| Support Level | Price |
| S1 | $53.54 |
| S2 | $52.83 |
| S3 | $51.89 |
The day traders can pick Monero for a considerable profit. However, the current situation wouldn’t be the right time to dig-in. According to the current Monero price prediction, the interested traders are recommended to hold for some time and wait for a recovery in the market.
