XMR (Monero) - How Low Will It Go?
Updated
XMR has been on a steady downward trend and has broken the 50 day support. Next major supports are at the 100 day and 200 day; if it fails to bounce then could see it drop into the support zone of 0.015-0.018 BTC which would also have it fall in line with a major historical trend line.
At what point do you think XMR starts to recover?
At what point do you think XMR starts to recover?
Note
Bounced from 100 day and tested the downward trend but came back down. If it breaks out of the downward trend by closing a few candles outside, becomes a clear buy for me if RSI supports. However, still has potential to drop until that happens.
Note
Still staying with the negative trendline though it has tested it a few times again. RSI is dropping off so I think we'll see another test of the 100 day soon. May be worth buying a partial position there if it rebounds.
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