• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Monero [XMR] To Come Across A Blip Before Making Its Way To $300
Monero

Monero [XMR] To Come Across A Blip Before Making Its Way To $300

February 19, 2021 by Sahana Kiran

Privacy coins like Monero [XMR], Dash [DASH], and many others were sidelined during this bull run, thanks to the stringent laws against these assets. Nevertheless, most of these assets exhibited a laudable performance. Just when the overall market cap of the cryptocurrency industry hit a high of $1.60 trillion all the other assets were seen underpinning this trend. After a long stay within the top fifteen, Monero found itself slipping below the 20th position. Justin Sun’s TRX was also seen mirroring a similar course. However, during the time of writing, XMR had climbed up back into the eighteenth position was its market cap was recorded at $4.66 billion.

Over the last seven days, XMR bagged in gains of over 44% pushing the price of the privacy coin up to a high of $275. However, the altcoin retraced back to $261.42, during press time. The coin was seen witnessing a surge of 4.19% in the last 24-hours.

Monero [XMR] One-Hour Price Chart

Monero

The short-term price chart of privacy coin XMR was seen accomodating the bears. After quite a long journey to the hilltop, XMR seems to be taking a breather. The Parabolic SAR indicator set a barricade above the candlesticks in the XMR market to prevent any possible upward breakout. The Awesome Oscillator, on the other hand, revealed the strong presence of bears by laying out red closing bars. The Relative Strength Index indicator was exhibiting a neutral notion in the XMR market with no major buying or selling activity.

Monero [XMR] One-Day Price Chart

download 57

The Bollinger Bands used in the one-day price chart of XMR suggested that the coin was in for a surge in volatility. The MACD indicator had persisted the bullish crossover it had undergone earlier this month. The Money Flow Index indicator was seen gliding towards 80 median which suggested that the altcoin was being overbought.

While the all-time high of XMR was $495.84, which was achieved by the coin about three years ago, the bulls in the XMR market revealed that $300 was attainable.

Filed Under: News, Altcoin News, Market Analysis Tagged With: Monero (XMR)

Primary Sidebar

Recent Posts

  • Polkadot’s [DOT] Pullback Near $30 Appears Imminent March 8, 2021
  • Ethereum [ETH] Whales Now Owns ~70% Of Total Supply March 7, 2021
  • Did Justin Sun Just Bid $2M On Jack Dorsey’s First Tweet NFT? March 7, 2021
  • Ethereum Devs Induce EIP-1559 Into London Hard Fork; Will The Miners Revolt? March 7, 2021
  • Ethereum [ETH] Seeks Help From The Bulls To Get Back On Its Feet March 6, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.