Monero price Analysis – More of the Same Despite Small Losses

Bitcoin Watch Shop

Another day of Monero trading is in the books, and very little has changed on the charts over the past 24 hours. Other than bitcoin continuing to go up in value, there is not much going on in the cryptocurrency space right now. For Monero holders, that is not necessarily bad news, as the price continues to maintain its value above the US$20 mark.

Not Too Many Changes For Monero

It is not entirely surprising to learn very little has changed for Monero over the past day or so. There is no real reason for the currency to gain much value, although a return to US$21 is not entirely impossible either right now. The past few days have been filled with small daily losses, slowly pushing down the price, though. Then again, given bitcoin’s current bullish trend, that is no real surprise to anyone who has been involved in cryptocurrency for more than five minutes.

The past 24 hours have seen very little trading volume overall, though, which is a bit disconcerting. Then again, Monero is mainly traded against bitcoin right now, and the current price increase ensures a

Read more ... source: LiveBitcoinNews

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