The Merkle: Monero Price Analysis for December, 6th – XMR Became Less Volatile Featured
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex After visible fluctuations in the middle of this week, Monero exchange rate reached stability by Friday close to 54.13 USD. From the technical point of view, on H4 Monero is moving inside the descending channel, thus continuing the formation of descending tendency. At the same time, one should note that after the price updated its lows and there was a convergence on MACD, the instrument resumed growing to break the resistance line. If the price breaks 57.65, it may continue moving towards the upside projected channel and reach 75.50. If the instrument tests
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