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Over the past 24 hours, Monero (XRM) has rebounded nearly 4% to $149.35. This week, the capitalization of the private altcoin increased by more than 7% to $2.718 billion.
XRM is strengthening while Bitcoin (BTC) and Ether (ETH) have been trading in a tight range over the past few days.
Activity on the Monero blockchain is growing, and analysts do not exclude that support may increase in the coming hours. In this case, the altcoin will be able to break above $150.
A zone of strong resistance formed at $154. A bullish scenario is possible if the coin not only exceeds this psychological mark, but can also approach $155.
The strongest resistance zone is expected at $163, but XRM can expect support in the $136 to $146 range. Technical indicators hint that Monero will not fall below critical support levels.
According to BitinfoCharts, the average daily number of transactions in the network increased to 18,053 on September 29. Computing power is also added. The network hashrate reached 2,718 Gh/s today.
#Monero #gains #bitcoin #ether #stagnation