Biggest Movers: NEAR Hits 1-Month Low, XMR Down 12% – Market Updates Bitcoin News

NEAR saw recent losses extend on Wednesday, as it fell to a one-month low during today’s session. NEAR fell as XMR traded in red and dropped to a multiweek low.

NEAR Protocol (NEAR).

NEAR was one of the biggest tokens to fall on hump-day, as prices fell to a one-month low earlier in today’s session.

After a Tuesday peak at $15.18, NEAR/USD fell to an intraday low of $12.50 Wednesday.

Prices fell to their lowest point since March 27th, and prices remain close to the recent support level of $12.45.

Since hitting this floor, there has been somewhat of a rebound, with the price now trading at $12.84, which is still nearly 7% lower than yesterday’s high.

This is because bulls historically have used the floor as an entry point. There were also a few rallies that occurred at this level.

Besides all of this, the 14 day RSI has been hovering at a two month low. This could also be a reason to believe in reversal.

Monero (XMR)

XMR was down by over 12% in today’s session, however as the day matured, losses somewhat eased from earlier lows.

As of writing, XMR/USD is trading at $225.58, which follows on from today’s intraday bottom of $224.32.

Overall, monero has been trading lower for the past six sessions, with today’s low coming less than 24 hours after a top of $243.88.

The latest drop in prices pushed them below $229.00 (long-term support) and XMR fell to a 2-week low.

Although prices have fallen to a multiweek low, the 14 day RSI currently tracks at its lowest point since February 26.

Bears are likely to continue this trend and push price lower than $211.00 if it continues.

Were XMR able to reverse the current bearish trend? Please share your views with us in the comments.

Eliman Dambell

Eliman is an experienced market analyst with a diverse perspective. Eliman was a broker director and educator in retail trading.