What Is the Next Move for Monero?

In recent times, Monero has been in a smooth uptrend. In its earlier stage of an uptrend, the price was making a series of higher highs and higher lows.

The symbolic uptrend deviated after encountering a $68 overhead resistance. On June 2, buyers pushed the price above $68 resistance but were unable to sustain the momentum.

What Is the Next Move for Monero?

The upward move was resisted at $70 high. There was an immediate bearish response as the coin dropped to $64 low and moved up again. This has been the market scenario since April. Nonetheless, since April, the bulls have made several attempts without breaking it. Today, Monero is trading at $67 at the time of writing. Certainly, if the bulls break above $68 and $70 resistance levels, the crypto will rally above $80 high.

Monero Indicator Analysis 

The price bars are above the 12-day EMA and the 26-day EMA. This is an indication that the crypto is likely to rise. XMR is above 74 % range of the daily stochastic indicating that XMR is in bullish momentum. The stochastic bands are horizontal below the overbought region. The market seems to be in a sideways trend.

Key Resistance levels: $80, $90, $100

Key Support levels: $50, $40, $30

What Is the Next Move for Monero XMR?

Monero is in a sideways move below the $68 overhead resistance. The bulls are yet to resolve or break this knotty price level. The uptrend will resume as soon as $68 resistance is breached. However, a strong bounce above $67 support will propel price above the resistance levels and the momentum is sustained.

Binance Payment Methods

Some time ago to enter the platform and to be able to make purchases, you had to use Bitcoin (BTS). Luckily, Binance decided to expand and to offer its users more convenient ways of making payments.

That is why they have teamed up with Simplex, a payment processor, and gave users a great opportunity to buy virtual currency using their credit cards. This means that if you want to buy Ethereum, Bitcoin, tokens, Litecoin, or other cryptocurrencies you can now use your real cards (for example, MasterCard or Visa). Moreover, all the operations can be completed on Binance without a need to visit other websites.
Binance is a place, where crypto- and real currencies intertwine, so you can start trading in a matter of minutes without losing the most attractive deals and offers!

What Is the Next Move for Monero?

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