Top 5 Cryptos Other Than Bitcoin This Week (Mar 29): XMR, BNB, HT, CRO, BSV
Source: Coin360 A recent report by Acuiti management intelligence platform showed a low level of adoption among the traditional trading firms (17%) compared to the sell-side service providers (26%). Source: Tradingview History suggests that the XMR/USD pair tends to find support or faces resistance at the 20-week exponential moving average (EMA), marked as ellipses on the chart.
We anticipate the current relief rally to again face selling at the 20-week EMA, which is close to $61.6219, the 50% Fibonacci retracement level of the most recent downturn. Therefore, we expect the pair to either consolidate close to the 20-week EMA or dip to $44.50, which can be a good buying opportunity After a minor dip or consolidation, we anticipate the pair to resume its relief rally and scale above the 50-week simple moving average (SMA), which is close to the 61.8% Fibonacci retracement level.
