Monero Price Falls By 42.64% Over The Last 12 Hours, Breakout Near $103.6: Is This The Beginning Of A Parabolic Drop?

(VIANEWS) – Over the last 12 hours, Monero (XMR-USD) is 42.64% down at 14:25 EST Tuesday, 6 February which is 3200.71% lower than the last 48 hours average change.

Volume

Today’s last reported volume for Monero is 250503994, 23.71% above its average volume of 202487052.75.

Volatility

Monero’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.19%, a positive 0.25%, and a positive 1.73%, respectively.

Monero’s highest amplitude of average volatility was 1.66% (last week), 1.91% (last month), and 1.73% (last quarter), respectively.

Market Cap and Supply

Monero’s current market cap is at 1876094857

Social Status

Currently, Monero (XMR-USD) has 483974 Twitter followers.

As of now, on Github, there are 3594 forks, 8309 stars, and 496 subscribers.

All TIme High and Low

Monero’s current value is at $103.6 which is 80.96% below its all time high of $542.33 at Tuesday, 9 January.

Monero’s current value is at $103.6 which is 47657.79% above its all time low of $542.33 at Wednesday, 14 January.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Monero’s crypto is considered to be oversold (<=20).

News about Bitcoin

  • Bitcoin forecast: continues to grind away to the side – 05 February 2024. According to DailyForex on Monday, 5 February, "The market previously experienced substantial upward momentum, driving Bitcoin to reach approximately $43,000. ", "Presently, Bitcoin appears to be in a neutral state, devoid of any inherently positive or negative attributes. "
  • Btc/usd signal: Bitcoin sits and waits for the next catalyst – 05 February 2024. According to DailyForex on Monday, 5 February, "This is important for Bitcoin because hopes of Fed’s rate cuts have helped Bitcoin and other assets bounce back.", "The next important Bitcoin event will happen in April when the coin will go through halving, where the total rewards to miners are halved.BTC/USD technical analysis"
  • Bitcoin signal: looking to break above $44,000 – 06 February 2024. According to DailyForex on Tuesday, 6 February, "Despite short-term fluctuations, there is an underlying belief that Bitcoin may strive to reach not only the $48,000 level but also the $50,000 level in the long run. ", "However, it’s essential to acknowledge that the introduction of Exchange-Traded Funds may introduce new dynamics into the Bitcoin market. "
  • 3 stocks to watch as Bitcoin looks poised for a comeback. According to Zacks on Tuesday, 6 February, "The fund outflow from the Grayscale Bitcoin Trust (GBTC) and the potential release of Bitcoin from the defunct Mt. ", "So, with a Bitcoin revival in the offing in 2024 and miners and traders already preparing their strategies for the late April halving, it would be prudent to watch a few Bitcoin-exposed stocks."
  • Bitcoin (btc/usd) looking to extend higher . According to FXStreet on Tuesday, 6 February, "Short Term Elliott Wave view in Bitcoin (BTCUSD) suggests the rally to 49500 on January 11, 2024 ended wave (3). ", "Near term, while Bitcoin stays above wave ((ii)) low, expect the crypto currency to extend higher. "

More news about Monero (XMR-USD).

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