It’s important that the coin managed to surpass the $70 level.
XMR was able to hold above the first support level
FXEmpire notes that “Monero’s XMR rallied by 6.47% on Sunday. Reversing a 0.71% loss from Saturday with interest, Monero’s XMR ended the day at $71.74. Range-bound through most of the day, Monero’s XMR eased from an early morning high $67.57 to a late afternoon intraday low $66.92.”
Regardless of the pullback, Monero’s XMR was able to hold above the first major support level at $66.35.
XMR was able to find support from the broader market these days.
On the other hand, according to the online publication mentioned above, XMR left the major support and resistance levels untested.
Monero in the news
In other news, it’s been also reported that Monero has a new competitor: Decred privacy coin and you can read about it in a previous article that we posted.
These days, Decred revealed the privacy features that its developers have been working on for quite a while.
Other than this, despite the huge market volatility, the interest in cryptos is definitely on the rise.
More than that, more crypto enthusiasts are choosing XMR as an investment option these days due to its strong privacy features which have recently been highlighted by Monero’s Riccardo Spagni as well.