When most of the coins have shown a moderate hike over the last 24 hours, Monero seems to have gone the opposite way. It has been under three major price changes and managed a loss of 2.04% in this period. XMR coin is currently being traded at 45.01 USD.
Monero Price Analysis
Monero opened the day at 45.95 USD, and over the next 13 hours and 28 minutes, it lost 1.32% that took the price to 45.34 USD. It was followed by a 2.59% hike that added 1.17 USD to the value and pushed XMR price to 46.51 USD by 19:33 UTC. After that, Monero’s price started falling again. Over the next 6 hours and 43 minutes, the coin faced a price drop of 3.16% that cost it 1.46 USD and this swing confined the price around 45.04 USD.
Monero’s 20 days MA is at 44.96 USD, and it’s 50 days average stands at 45.03 USD. It is currently being traded at 45.01 USD, which is 0.04% less and 0.11% more than the 50 days MA and 20 days MA respectively. Monero’s next few days may not see any unprecedented hikes.