{"id":16562,"date":"2023-01-17T17:12:56","date_gmt":"2023-01-17T17:12:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xmr-dot-move-higher-rebounding-from-recent-declines-market-updates-bitcoin-news\/"},"modified":"2023-01-17T17:12:56","modified_gmt":"2023-01-17T17:12:56","slug":"xmr-dot-move-higher-rebounding-from-recent-declines-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xmr-dot-move-higher-rebounding-from-recent-declines-market-updates-bitcoin-news\/","title":{"rendered":"XMR, DOT Move Higher, Rebounding From Recent Declines \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Monero rebounded from recent losses on Tuesday, as the token attempted to recapture recent highs. The move comes as U.S. markets reopened following a public holiday on Monday. Polkadot also moved higher in today\u2019s session, snapping a two-day losing streak.<\/strong><\/p>\n

Monero (XMR<\/a>)<\/h2>\n

Monero (XMR<\/a>) rebounded on Tuesday, as the token moved back towards a recent seven-month high.<\/p>\n

Following a low of $165.77, XMR<\/a>\/USD raced to an intraday peak of $173.28 earlier in today\u2019s session.<\/p>\n

Today\u2019s move saw monero bounce from its support at $165.00, and climb towards a resistance of $175.00.<\/p>\n

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XMR<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

As of writing, the token remains below this ceiling, currently trading at the $172.65 level.<\/p>\n

Should this hurdle be overcome, XMR<\/a> bulls will likely attempt to recapture last week\u2019s peak of $187.20.<\/p>\n

In order for this to happen, the relative strength index (RSI), which is currently tracking at 68.71, will need to move back towards the 80.00 mark.<\/p>\n

Polkadot (DOT)<\/h2>\n

Polkadot (DOT) snapped a two-day losing streak on Tuesday, with prices nearing a two-month high.<\/p>\n

DOT\/USD hit a high of $6.07 earlier in today\u2019s session, which comes less than 24 hours after trading at a low of $5.66.<\/p>\n

As a result of Tuesday\u2019s surge, DOT moved to a ceiling at $6.10, and closer to Saturday\u2019s high of $6.51.<\/p>\n

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DOT\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, the rebound came as the 14-day RSI also bounced from its own support point at 72.45.<\/p>\n

Currently, the index is tracking at 74.88, with a ceiling at the 82.00 mark a possible target for buyers.<\/p>\n

As of writing, DOT has given up earlier gains, and is trading at $5.97.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Will polkadot climb above $6.51 this week? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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