Bitcoin Cash (BCH) and Monero (XMR) Price Analysis
Hey there, Lolacoin readers! We’ve got some news on Bitcoin Cash (BCH) and Monero (XMR) for you today. Let’s break it down:
Bitcoin Cash (BCH)
Bad news first, folks. Bitcoin Cash (BCH) took a bit of a tumble on Wednesday, dropping by a whopping 9%. Ouch! But here’s the good news: it had recently been on a bull run and reached a 15-month high last Friday. The price hit a peak at $329.71, which is pretty impressive. However, it couldn’t hold on to that glory and fell to $258.17 in today’s session. Bummer, right?
- BCH dropped by 9% on Wednesday
- Reached a 15-month high last Friday
- Price dropped to $258.17 today
- Third straight session of decline
- Profit taking likely the cause
Monero (XMR)
Now let’s talk about Monero (XMR). It’s also in the red today, dropping for the second day in a row. Yesterday, it reached a peak at $169.52, but it couldn’t keep up the momentum and fell to $161.89 earlier today. The reason for this decline? Well, it tried to break through a resistance level at $173.00 on Monday, but just couldn’t make it. Tough luck!
- XMR dropped for the second consecutive session
- Reached a peak at $169.52
- Couldn’t break through the resistance level at $173.00
- Price strength currently at 63.86
- Possible drop to $160.00
Hot Take
Well, folks, it looks like both Bitcoin Cash (BCH) and Monero (XMR) are facing some challenges. Profit taking seems to be the culprit behind BCH’s decline, while XMR couldn’t break through its resistance level. It’s a tough game out there in the crypto world, but hey, that’s what keeps things interesting, right? Keep an eye on those price analysis updates and stay tuned for more exciting news in the crypto space. Catch you later, Lolacoin readers!
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.
