Should You Sell Monero (XMR) Monday?

Monero receives a strong long-term technical score of 74 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

XMR currently holds a superior long-term technical analysis score than 74% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.

InvestorsObserver is giving Monero a 74 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Monero!

Trading Analysis

The current trading price of $167.740000000 for XMR is $22.5600000 (15.54%) above the coins 100-day moving average of $145.180000000. XMR meanwhile is $70.5100000 (161.20%) above its 52-week low of $97.230000000 and -$121.08000000 (54.62%) under its 52-week high price of $288.820000000. Monero’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 74. The price movement and range of XMR suggest that investors are neutral on the coin at this time.

Monero has a market capitalization of $3,057,615,247.92 and a relatively high average daily volume with $657,417,680.19 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, XMR’s volume is below its seven day average with 94,584,326.70 exchanged.

This coin’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

XMR’s historical trading over the past year gives it a a strong long-term technical score of 74 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.

Click Here to get the full Report on Monero (XMR).

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

Thank you for signing up! You’re all set to receive the Morning Update newsletter