Monero ($XMR) Attractive for Investors
XMR's correlation with Bitcoin's price is minimal, making its market behavior unique.
The coin is nearing resistance at $179-$187. Considering the growth since early September 2023 and the overall upward trend in the market, a continuation of XMR's rise is plausible. Beyond the current resistance, XMR could test the $200 and $210 levels. A firm hold above these levels might significantly boost its growth.
A correction for OMXSTO:XMR seems unlikely, with key support at $155-$162. The asset could only fall to this level if Bitcoin dips to $38,000. The $150 level and the $135-$143 zone are attractive for accumulating the coin in the spot market.
