bullish

Monero

Momentum

Coin

<ul class="wp-block-list news-points">
 <li>Monero ($XMR) nears key resistance at $175, with potential to reach $177.</li>
 <li>Increased trading volume and derivative activity support Monero’s bullish trend.</li>
 <li>RSI suggests $XMR is nearing overbought levels, while MACD confirms ongoing positive momentum.</li>
</ul>
Monero (XMR) has experienced a notable uptrend recently, trading at <a href="https://coinmarketcap.com/currencies/monero/" target="_blank" rel="noopener noreferrer nofollow">$175.01</a>, marking a 1.47% gain over the past 24 hours. This positive shift in Monero’s price can be attributed to a series of bullish movements that have unfolded over the past few days.&nbsp;
The cryptocurrency has steadily climbed from a low of around $172.55 to its current level, displaying a consistent pattern of higher highs and higher lows. This price action suggests a strong bullish momentum in the short term.
In analyzing the key support and resistance levels for <a href="https://coinedition.com/okx-delists-multiple-trading-pairs-including-monero-and-zcash/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Monero</a>, several insights emerge. The immediate support level is found around $172.50. This area has previously provided a base for the price before its recent upward surge.&nbsp;
Additionally, a deeper support level exists at $171, which has also demonstrated its ability to trigger a price rebound.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="512" height="235" src="https://coinedition.com/wp-content/uploads/2024/09/unnamed-73.png" alt="" class="wp-image-492815" srcset="https://coinedition.com/wp-content/uploads/2024/09/unnamed-73.png 512w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-73-300x138.png 300w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-73-380x174.png 380w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-73-159x73.png 159w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-73-440x202.png 440w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-73-414x190.png 414w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-73-326x150.png 326w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-73-377x173.png 377w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-73-123x56.png 123w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-73-129x59.png 129w" sizes="(max-width: 512px) 100vw, 512px">
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 Source: <a href="https://coinmarketcap.com/currencies/monero/" target="_blank" rel="noopener noreferrer nofollow">Coinmarketcap</a>
 </figcaption>
 </figure>
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On the resistance front, Monero is currently testing the $1…
The post <a href="https://coinedition.com/monero-xmr-price-surges-1-47-bullish-momentum-builds/" rel="noopener noreferrer nofollow">Monero (XMR) Price Surges 1.47%: Bullish Momentum Builds</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Monero (XMR) Price Surges 1.47%: Bullish Momentum Builds

Coin Edition

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