Tron – Monero [XMR] To Come Across A Blip Before Making Its Way To $300

Privacy coins like Monero [XMR], Dash [DASH], and many others were sidelined during this bull run, thanks to the stringent laws against these assets. Nevertheless, most of these assets exhibited a laudable performance. Just when the overall market cap of the cryptocurrency industry hit a high of $1.60 trillion all the other assets were seen underpinning this trend. After a long stay within the top fifteen, Monero found itself slipping below the 20th position. Justin Sun’s TRX was also seen mirroring a similar course. However, during the time of writing, XMR had climbed up back into the eighteenth position was its market cap was recorded at $4.66 billion.

Over the last seven days, XMR bagged in gains of over 44% pushing the price of the privacy coin up to a high of $275. However, the altcoin retraced back to $261.42, during press time. The coin was seen witnessing a surge of 4.19% in the last 24-hours.

Monero [XMR] One-Hour price Chart

The short-term price chart of privacy coin XMR was seen accomodating the bears. After quite a long journey to the hilltop, XMR seems to be taking a breather. The Parabolic SAR indicator set a barricade above the candlesticks in the XMR market to prevent any possible upward breakout. The Awesome Oscillator, on the other hand, revealed the strong presence of bears by laying out red closing bars. The Relative Strength Index indicator was exhibiting a neutral notion in the XMR market with no major buying or selling activity.

Monero [XMR] One-Day price Chart

The Bollinger Bands used in the one-day price chart of XMR suggested that the coin was in for a surge in volatility. The MACD indicator had persisted the bullish crossover it had undergone earlier this month. The Money Flow Index indicator was seen gliding towards 80 median which suggested that the altcoin was being overbought.

While the all-time high of XMR was $495.84, which was achieved by the coin about three years ago, the bulls in the XMR market revealed that $300 was attainable.

Tron – Monero [XMR] To Come Across A Blip Before Making Its Way To $300

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