What’s Next for Very Bearish Rated Monero (XMR)?

Monero (XMR) gets a very bearish rating from InvestorsObserver Thursday. The crypto is down 3.4% to $159.26 while the broader crypto market is up 1.6%.

Monero has a Very Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero!

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Monero price is currently below support. With support set around $160.06 and resistance at $168.07, Monero is potentially in volatile territory as selling pushes the crypto’s price below recent support.

Monero has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.

Due to a lack of data, this crypto may be less suitable for some investors.