With Bitcoin Approaching $90K, Will Monero Follow the Bullish Momentum This November?

As Bitcoin edges closer to the $90,000 mark, many wonder if Monero might see a similar rise this November. ChangeNOW reports that transaction volumes for Bitcoin and Monero have grown. ChangeNOW is a platform for exchanging cryptocurrencies without registration. It’s popular with savvy investors and large holders who value the safety of their funds. The increase in transactions suggests investors are accumulating, hinting at potential growth for these coins.

Bitcoin Jumps 24% in a Week, Targets Next Resistance Level

Bitcoin’s price has jumped over 24% in the past week, trading close to $85,326. The recent upward movement shows bullish momentum, with potential to reach the nearest resistance level at $90,499. Breaking through this could see Bitcoin aiming for the next level at $104,918. The 1-month price increase of 38% indicates strong growth. Technical indicators like the RSI at 48 suggest there’s room for further gains. With the current market indicators showing potential growth, Bitcoin’s availability on platforms like ChangeNOW, with no registration and no hidden fees, is noteworthy.

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Monero Poised for Growth as Indicators Suggest Bullish Turn

Monero’s price is currently between $155.88 and $168.48, close to its 100-day average of $159.78. The RSI is at 39.44, nearing oversold levels, and the stochastic is at 18.90, suggesting potential for a price increase. Although the price fell by 5.81% in the last week, it has risen 11.55% over six months. The nearest support level is $149.67, indicating limited downside. If buyers step in, Monero could reach the next resistance at $174.87, an increase of about 11% from current levels. Given these signs, some may find the current setup favorable for purchasing Monero, which can be done on ChangeNOW with no registration and no hidden fees.

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Conclusion

With Bitcoin approaching $90,000, investors and traders have significant opportunities to consider. Monero, known for its privacy features, might also gain momentum this November. For those looking to invest in these coins, ChangeNOW offers an excellent platform for transactions. It enables users to exchange, buy, or sell these cryptocurrencies without hidden fees and without requiring registration. This approach enhances security by not storing user funds. Additionally, ChangeNOW supports over 900 cryptocurrencies, has no limits on transaction amounts, and allows purchasing crypto using a bank card.