FxWirePro:Monero/USD recovers sharply more thn 15% from 8month low, good to buy on dips
Monero has shown a fast recovery from 8- month low as Edge wallet adds Monero support. The pair jumped more than 20% in 24 hour.XMR’s performance exceeds expectationsand curretly trading at the 13th position with market …
Monero has shown a fast recovery from 8- month low as Edge wallet adds Monero support. The pair jumped more than 20% in 24 hour.XMR’s performance exceeds expectationsand curretly trading at the 13th position with market cap of more than $2 billion. Atomic wallet has said that Monero (XMR) and Bitcoin (BTC) atomic swap to be coming soon.
The pair is facing strong trend line resistance at $128.20 and any breka above confirms further bullishenss , a jump till $141 (200- 4H MA)/$160 is likely.
On the lower side, near term support is around $118 and any break below will take the pair to next level till $106/$100.
It is good tO buy on dips around $122-124 with SL around $115 for the TP of $140/$160.
