Monero XMR XMRUSD 29 Jun 2018
The Monero price was managing small losses in the latter stages of Thursday's session, as it continues within consolidation mode. At the moment, what should traders expect? Today's 29 June Monero Price Technical Forecast will reveal.
29 June, GKFX – Monero (XMR) is changing hands at $118.35. The coin has lost nearly 2% since the start of the day and down over 9% on a daily basis.
Monero takes the 12th place in the rating of top cryptocurrencies with a total market value over $1.9B and daily trading volumes $48M.
Monero happens to be one of the worst performing coins in recent 24 hours, which is not surprising, considering that the South Korean financial watchdog tightened its cryptocurrency regulation.
The Financial Services Commission (FSC) aims to toughen its approach towards anti-money laundering approach. Such moves usually affect privacy coins, including Monero.
XMRUSD reached the bottom at $106.42 on June 22 and topped at $134 on Thursday, June 28. The first local support is created by 110.00 handle, once it is broken, the price will slip to the above mentioned low and, potentially, to $100.00.
On the upside, the first line of resistance is produced by 200-SMA (hourly chart) at $121.00, followed by 100-SMA at $126.00 and psychological $130.00.
XMRUSD, 1-hour chart
This article 29 June Monero Price Technical Forecast 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.
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