Quick update on the Monero market.
Monero has recorded losses against the Dollar like most other crypto’s, I am taking a look at how the market is performing against Bitcoin.
Currently speculating on the market for the upcoming fork, and even though we have lost value in USD, there are already some nice gains against BTC.
Resistance is looking solid above 0.03 -0.033 and it seems that the bulls have set up camp around 0.026 -0.028.
Monero is busy with a nice steady uptrend and there could be a nice breakout should the buying pressure push prices into the 0.03 zone.
Should support fail at 0.025, we could see a nasty drop to 0.023 – 0.02.