CryptoSanders9563

XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !

BINANCE:XMRUSDT   Monero / TetherUS
Hello, welcome to this XMR/USDT 1DAY chart update by CRYPTOSANDERS.

I have tried to bring the best possible outcome to this chart.

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CHART ANALYSIS:-Monero (XMR) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse.

XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low of $127.09.

Today’s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50.

Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.

The 14-day relative strength index ( RSI ) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09.

Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first.

This is not a piece of financial advice.
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