Monero Price Jumps By 23.53% Over The Last 6 Hours, Breakout Near $128.26: Is This The Beginning Of A Parabolic Rise?

(VIANEWS) – Over the last 6 hours, Monero (XMR-USD) is 23.53% up at 00:26 EST Wednesday, 7 February which is 1587.51% higher than the last 48 hours average change.

Volume

Today’s last reported volume for Monero is 423600385, 109.2% above its average volume of 202483930.03.

Volatility

Monero’s last week, last month’s, and last quarter’s current intraday variation average was a negative 4.59%, a negative 0.85%, and a positive 2.08%, respectively.

Monero’s highest amplitude of average volatility was 6.06% (last week), 3.01% (last month), and 2.08% (last quarter), respectively.

Market Cap and Supply

Monero’s current market cap is at 2310168378

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 $128.26 which is 76.54% below its all time high of $542.33 at Tuesday, 9 January.

Monero’s current value is at $128.26 which is 58757.06% 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, "Presently, Bitcoin appears to be in a neutral state, devoid of any inherently positive or negative attributes. ", "Nevertheless, the prevailing trend for Bitcoin remains upward, and short-term pullbacks are viewed as opportunities for investors to accumulate positions."
  • 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. "
  • 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. ", "The initial appeal of Bitcoin was tied to the concept of money printing, but if the Federal Reserve adopts a tighter monetary policy for an extended period, it could dampen enthusiasm in this market."
  • 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"
  • 3 stocks to watch as Bitcoin looks poised for a comeback. According to Zacks on Tuesday, 6 February, "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.", "This would encourage other financial institutions that are still pondering on whether to take the jump to adopt spot Bitcoin ETFs."

More news about Monero (XMR-USD).

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