May 25, 4:07 pm
|Biggest Movers: XMR Hits 2-Week High, LRC Climbs for Fifth Straight Day|
Following a bearish start to the day, XMR climbed to a two-week high during today's trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive day, as it approaches a multi-week high of its own.
Monero extended a recent bullish streak during today's session, with prices rising to a two-week high as a result of strong gains.
XMR/USD hit an intraday peak of $204.69 earlier in the day, which is over $10 higher than yesterday's low.
Today's rally comes as prices have now risen for six out of seven sessions, with today's the highest XMR has hit since May 9.
On May 12, prices declined to a bottom of $112.98, which was a fifteen-month low, however since then, we have seen significant rebounds.
This resurgence in price is encapsulated by the ascending triangle currently shown on the chart, however prices now look to have landed at a resistance level.
Resistance at $205 has so far held firm, with the RSI tracking at its own ceiling of 55.
Should we see a breakout from this ceiling of 55, then bulls will likely target take profits at $230.
LRC made a run for its long-term resistance level on Wednesday, as prices ...
May 16, 4:11 pm
|Biggest Movers: XMR and SOL Higher on Monday|
Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session.
XMR was one of Monday's biggest gainers, as prices rose by almost $20 from lows during Sunday's session.
Following a low of $128.00 on S...
May 16, 10:26 am
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May 15, 6:13 am
|Bitcoin Stalls Below $30K, Polkadot Recovers Another 7% (Weekend Watch)|
Bitcoin has calmed just under and around the $30,000 level after the recent massive volatility that brought the asset south by five digits. Most altcoins are also quite stagnant on a daily scale, with a few exceptions, such as Polkadot, Bitcoin Cash, and Monero.
Bitcoin Stands Still Below $30K
The past ten days were nothing short of a volatile roll...