Monero (XMR) gets a bullish rating from InvestorsObserver Monday. The crypto is up 2.53% to $169.25 while the broader crypto market is up 48.24%.
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 price is currently above resistance. With support set around $162.76 and resistance at $168, 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.
Due to a lack of data, this crypto may be less suitable for some investors.