Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. A divergence between OBV and price suggests a bullish reversal Price action remained bearish on higher timeframes Monero [XMR] has been on a higher timeframe downtrend since late April. Since then, the price has not […]
noted how $150 was a firm resistance. The lower timeframe range highs at $153 saw the bears hold their own and forced a sharp decline back to the $135 support area.A set of Fibonacci retracement levels were drawn based on XMR’s move from $174.3 down to $134. The 50% retracement level was at $154.1, which was close to the psychological $150 level. Moreover, the $154.8 level has also been a significant level in recent months.
Until the bulls manage to drive prices past $155, the structure and bias on the 12-hour chart would remain bearish. The Relative Strength Index has been below neutral 50 for a good portion of the past month too, although at press time it made an attempt to climb past 60.
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Reasons Maker [MKR] could slip below the $900 level in the next few daysMaker DAO’s MKR token was among the best performers in the last four weeks. Its bulls have dominated during this time but multiple factors currently suggest that they might be about to take a break. Here’s AMBCrypto’s price prediction for Maker [MKR] for 2022-2023 MKR traded at $1,116 at press time which represented an 89% […]
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