XMR coin was priced $52.61 at the beginning of the month and soon rose to $53.84. For the next two days, Monero’s price was able to reach $55.79 by a 5.50% hike. On December 04 and 05, the coin was traded twice at the price level of $52. XMR price managed to rise from $52 and was able to rise marginally to $54.92 on December 7. From December 13 onwards, the trend has changed as the bears have gained back their hold over the coin.
Monero Price Analysis
At present, the XMR coin shows a negative trend of 5.53% as compared to the price of December 12. It is likely to fall further in the coming day and may reach its next support $49.
We advise to hold Monero as per the movement noticed. As per the Monero forecast and current trend, XMR might breach its crucial support of $48 in the upcoming days. If we look at the last 16 days’ performance, the coin has seen several rises and falls without any drastic change.
Resistance & Support Levels
R1: $51.98, R2: $53.04 and R3: 53.97
S1: $49.99, S2: $49.06 and S3: $48