Monero (XMR) gets a very bullish rating from InvestorsObserver Thursday. The Digital Money asset is up 10.25% to $217.57 while the broader crypto market is down 1.94%.
Over the last five days, Monero has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Monero is currently trading near its five-day high of $218.54368421629. The Digital Money asset is 0.45% off its five-day high and is 21.07% higher than its five-day low of $179.7.
Monero price is currently above resistance. With support set around $193.24 and resistance at $200.96, Monero is potentially in a volatile position if the rally burns out.
Monero has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.
Due to a lack of data, this crypto may be less suitable for some investors.