The TD Sequential indicator has identified a buy signal for Monero (XMR) on its three-day chart, suggesting a potential trend transformation after a recent price fall. This indicator is used by technicians to pinpoint target points when trends show signs of exhaustion. The signal indicates a potential bottom formation and a decline in selling pressure, which could lead to market recovery. Monero is currently valued around $210, with support at $205 and potential resistance at $230 to $235. Traders should verify the buy signal through price and volume indicators, and also consider fundamental analysis. Monitoring future price action will help confirm if this buying opportunity results in extended upward movement.



Other News from Today