Monero (XMR) Quietly Gains 99.5% as Bitcoin Price Consolidates

Cointelegraph | Mar 27, 2020 at 5:59 AM
  • Since dropping to $24.05 during the strong marketwide correction that occurred on March 12, Monero (XMR) has rallied 99.5% and currently trades at $49.
  • Currently the XMR/BTC pair is finding support at 0.007220 satoshis, a point that aligns with the 200-MA, 38.2% Fibonacci retracement level and a high volume node on the volume profile visible range.
  • Prior to making this attempt XMR could retest the 38.2% Fib retracement and consolidate between 0.007300 and 0.007473 sats before making an attempt pulling above 0.007586 sats.