©Reuters. Monero Price Analysis: XMR Price Drops To $154.95 As Bears Retake Lead
- Monero price analysis is bearish today as the price declines more than 0.53%.
- continued sideways overnight at $154.95, further declines are expected in the near future.
- The buying pressure continues to not return as the bears take control of the market and push the price to $154.95 at the time of writing.
Monero price analysis shows that the XMR/USD pair is currently in a downtrend. The market has been in a downtrend since early today. Although yesterday was bullish, the bears managed to take control of the market and push the price down to $154.95. Therefore, XMR/USD is ready to drop further and push towards the $150.87 support. The resistance for Monero price analysis is set at $152.80 and the support is located at $156.64, either of which can be broken depending on market movements.
One day Monero price analysis shows that the XMR/USD pair is currently in a downtrend. It appears that the market has lost momentum over the last 24 hours. The XMR/USD pair is currently trading at $154.95 after making highs of $156.80 and lows of $152.80, respectively. The market has been in a downtrend as it lost about 0.53% of its value today. The XMR/USD pair is currently in a downtrend as market sentiment remains negative.
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