Insidebitcoins writes that “the next level of demand may surface at $72 and then locate further key demand at $67 and $62 levels if the sell-off later becomes huge. Due to the sharp downward movement, the XMR/USD pair is seriously struggling to break out of the dominant bearish trend, especially the channel’s boundary.”
They also say that “In case of a break, the key supply levels to watch out for are $98, $104, and $109. The stochastic RSI is moving above level 40, revealing some buy signals.”
Positive XMR predictions
Not too long ago, we were reporting that the coin has shown more stable trends during the past few months, but the coin is seen to head towards an upward surge, and it may cross $100.
CryptoNewsZ posted a prediction that was pretty optimistic.
A lot of crypto experts have been saying that now it may be the best time to buy Monero.
XMR was in the spotlight not too long ago, after reports coming from Cryptovest claim that theVaronis Security Research has recently discovered a new strain of mining malware that’s able to disguise the mining for Monero on consumer electronics or networks.