Monero XMR XMRUSD 25 Jun 2018
Monero (XMR) is an obvious growth leader among the most popular digital currencies. The coin has been recovering from eight-month low and gained 14% in recent 24 hours. Will the bulls' momentum gradually increase? What does today's 25 June Monero Price Technical Analysis show?
25 June, GKFX – XMRUSD came close to $130.00 handle during early Asian hours on Monday, however, a fresh wave of selling interest pushed it back towards $127.50.
Monero takes the 12th place in the rating of top cryptocurrencies with the total market value over $2B and daily trading volumes $44M, up from an average $35M registered during the previous week.
This coin has been under pressure lately, losing over 22% in a month amid global crack down on privacy focused coins. Thus the news that Edge Wallet added support for Monero came in handy, providing the price with the necessary bullish trigger and fuelling the recent stellar performance.
The Edge Wallet is a multi-asset wallet that has gained popularity recently. It has an integrated asset exchange and has recently added XMR, QTUM, and XRP to the list of supported coins.
“We have the great pleasure to inform you, in your Edge wallet, you will now find $XMR. @monero has been on our list for a while and we are happy to provide it for the community,”
the official announcement reads.
XMRUSD found a bottom at $106.42 and gained nearly 20% since that time. The first local resistance is created by 100-SMA (4-hour chart) at $127.60 and followed by psychological $130.00. On the downside, support is seen at $120.58 (50-SMA), followed by $116.00.
XMRUSD, 4-hour chart
This article 25 June Monero Price Technical Analysis was provided by GKFX. The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.
If such information is acted upon by you, then this should be solely at your discretion, and GKFX will not be held accountable in any way.