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Monero (XMR) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Thursday: What's Next?

Thursday, May 12, 2022 05:03 PM | InvestorsObserver Analysts
Monero (XMR) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Thursday: What's Next?

Monero (XMR) gets a bearish rating from InvestorsObserver Thursday. The crypto is down 5.83% to $134.11 while the broader crypto market is down 1.51%.

Sentiment Score - ,
Monero has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero!

Bearish

Over the last five days, Monero has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over the past five days by volume and price movement.

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.

Price Levels

Monero is currently trading near its five-day low of $119.303461267506. The crypto is 39.84% off its five-day high and is 12.41% higher than its five-day low of $119.3.

Monero price is trading near support. With support set around $130.16 and resistance at $162.96, has plenty of space before hitting resistance.

Monero has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Monero

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