{"id":30979,"date":"2023-10-25T10:00:49","date_gmt":"2023-10-25T10:00:49","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/10\/25\/xrm-usd-keeps-trading-in-a-range-bearish-momentum-persists\/"},"modified":"2023-10-25T10:00:50","modified_gmt":"2023-10-25T10:00:50","slug":"xrm-usd-keeps-trading-in-a-range-bearish-momentum-persists","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/10\/25\/xrm-usd-keeps-trading-in-a-range-bearish-momentum-persists\/","title":{"rendered":"XRM\/USD keeps trading in a range. Bearish momentum persists."},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"\" type=\"image\/webp\"\/><source srcset=\"\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>XRM\/USD keeps trading in a vary<\/li>\n<li>Bearish momentum persists<\/li>\n<li>A stronger greenback pressures most cryptocurrencies<\/li>\n<\/ul>\n<p>Bitcoin rallied at first of this week, triggering much-needed enthusiasm amongst crypto buyers. However, the so-called \u201ccrypto winter\u201d continues to be seen in different crypto markets, similar to XMR\/USD.\u00a0<\/p>\n<p>Monero didn&#8217;t capitalize on Bitcoin\u2019s power. Some different instances, every time Bitcoin rallied, different cryptocurrencies adopted.\u00a0<\/p>\n<p>Only this time is totally different. Therefore, one might argue that different cryptocurrencies lag and can leap, too, following Bitcoin\u2019s lead. But one other take is that Bitcoin positive aspects will disappear, and a stronger US greenback will emerge.\u00a0<\/p>\n<p>One factor is for positive, although \u2013 Monero\u2019s technical image isn&#8217;t encouraging.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/09\/25\/1698225815980-cf7a0963-9255-4310-97b7-a01eff8b1600.jpg\" style=\"width: 1800px\" class=\"fr-fic fr-dib\" width=\"1800\" height=\"445\"\/><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/symbols\/XMRUSD\/?exchange=CRYPTO\" rel=\"noopener noreferrer\" target=\"_blank\">Monero chart by TradingView<\/a><\/p>\n<h2>The one-year-long vary keeps Monero at bay<\/h2>\n<p>Monero\u2019s underperformance this yr is likely to be considered in two methods \u2013 one bullish and one bearish.\u00a0<\/p>\n<p>The bullish view is that Monero is constructing vitality, forming a contracting triangle that may break to the upside. And, on its method up, the market will break horizontal resistance given by the earlier assist space.\u00a0<\/p>\n<p>The bearish view is that the one-year-long triangle is a bearish continuation sample. If that&#8217;s the case, the US greenback will maintain gaining towards its fiat friends and cryptocurrencies.\u00a0<\/p>\n<p>$100 and $200 are key ranges to observe for XRM\/USD. Until any of them is damaged, the vary may proceed nonetheless.\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/monero-fails-to-build-on-bitcoins-momentum-one-year-range-holds\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] XRM\/USD keeps trading in a vary Bearish momentum persists A stronger greenback pressures most cryptocurrencies Bitcoin rallied at first of this week, triggering much-needed enthusiasm amongst crypto buyers. However, the so-called \u201ccrypto winter\u201d continues to be seen in different crypto markets, similar to XMR\/USD.\u00a0 Monero didn&#8217;t capitalize on Bitcoin\u2019s power. Some different instances, every 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