A downside trend seemed pretty inevitable for XMR despite the fact that a few days ago the price for XMR seemed bullish and the privacy-oriented coin was trying to push past the current resistance levels.
Just yesterday, August 13, Monero was priced at $90.44 around the same time as today.
XMR fell by 0.57% this Monday. Partially reversing a 2.47% gain from Sunday, XMR was able to end the day at $91.17.
It’s time to buy the dip
These days, there have been more crypto experts who said that now it may be the best time to buy Monero.
Others said that such corrections in the market are welcome and healthy.
For instance, just a few days ago, the online publication Smaretreum wrote not too long ago that “Analysts and traders in the crypto market usually see these periods of little activities as the best time to accumulate before the next big move takes place.”
More experts have noted that long-term investors should consider buying the dip now because the Monero uptrend remains strong.
More than that, it’s also extremely important to mention the fact that the Monero development team managed to make huge privacy enhancements over the years and they will continue to do so.