Monero is one of the most profitable investments

Monero is one of the most profitable investments

Monero is proving to be one of the most profitable investments of late July 2019 as it has remained in the positive gain level for the last two weeks.

Naturally, the XMR is down since the maximum it saw last month at $107, but it can’t be denied that it’s well on its way towards consolidating enough to surpass that price point. at the price moment of XMR, main support resistance level lies at $98 value, in which if crossed value, and paves the way towards $100 and later on to $107 without any stop. The resistance level currently sits at $72 but it is extremely unlikely that Monero XMR will even come close to it. "Monero is one of the most profitable investments"

Monero is one of the most profitable investments

Monero’s performance has been both directly and indirectly tied to Bitcoin’s surges and fluctuations which XMR followed flawlessly. However, Monero did have some time to breathe from the Bitcoin mood swings these last two weeks where the coin keeps on failing to break the $10,000 only managing to do so this week. Overall, if Bitcoin manages to have a breakthrough, it’s possible to have Monero follow it directly, and possibly go beyond the $107 psychological levels.

Monero XMR is in the green amid a sea of red. The digital currency market is making a correction after formidable price gains on Friday during the Asian hours. Like Bitcoin BTC which soared price above $10,500, XMR price made a shallow rise from the opening price at $82.36 to a high at $84.33. Monero XMR is among the few Cryptocurrencies that are holding on to the intraday gains.

At the time of writing, Monero is teetering at $83.52 following a 1.3% rise on the day. the immediate support resistance is at the 50% Fibonacci retracement level taken between the last swing high at $98.35 to a swing low of $72.01. price Correction above the 50 Simple Moving Average (SMA) will pave the way for price gains towards $100.

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