As Bitcoin reaches new peaks every day, focus shifts to privacy-centric coins like Monero. ChangeNOW reports a surge in transaction volumes for both Bitcoin and Monero.
ChangeNOW, a registration-free cryptocurrency exchange service, is attracting savvy investors and large holders concerned about the security of their assets. The increasing transactions suggest that investors are accumulating, indicating potential future growth for these cryptocurrencies.
What you'll learn 👉
Bulls Dominate as Bitcoin Price Surges Over 46% This Month
Bitcoin’s price has been on an upward trajectory, trading close to $90,000 recently. With an impressive monthly increase of over 46%, bulls seem to be influencing the market.
The nearest resistance level is just under $95,000, and breaking through could see prices aiming for the next target around $105,000. Indicators like the RSI at over 70 suggest strong momentum, though they also hint at overbought conditions. The MACD level is positive, supporting the bullish outlook.
Some investors may find the current setup favorable. Bitcoin can be traded on ChangeNOW without registration and hidden fees.
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Monero Price Eyes Resistance at $174 as Bulls Seek to Regain Control
Monero (XMR) is currently trading between $155 and $168. After a slight drop of 5% over the past week, its price shows signs of stabilization. The nearest support level sits at $150, while resistance looms at $174. Over the past six months, Monero has gained over 12%, indicating a bullish trend in the longer term.
With the current price near the 100-day moving average of $158, analysts suggest potential for upward movement. If Monero breaks through the $174 resistance, it could aim for the next level at $187, representing a potential increase of around 10%.
The current market conditions may present an opportune moment for those interested in Monero, which is available on ChangeNOW with no registration and no hidden fees.
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Conclusion
Bitcoin’s continuous rise opens new avenues for investors, while privacy-focused cryptocurrencies like Monero present alternative opportunities. For those considering entering or expanding in the crypto market, ChangeNOW offers an ideal platform.
It enables users to exchange, buy, or sell cryptocurrencies without hidden fees and without requiring registration, thereby enhancing security by not storing user funds.
Supporting over 900 cryptocurrencies and imposing no limits on transaction volumes, ChangeNOW provides flexibility for all trading needs. Additionally, the option to purchase crypto using a bank card adds to its convenience, making it a comprehensive solution for both new and seasoned traders.
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