# Crypto Technicals: Altcoins crumble tracking losses in BTC, Monero tests 50-DMA (91.24), further weakness likely

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2395
Published: 2019-06-27T10:39:41.000Z
Updated: 2019-06-27T10:39:41.000Z
Section: Investing

> Support: 87.4592 (cloud top); Resistance: 108.53 (5-DMA)

[XMR/USD](<https://www.tradingview.com/symbols/XMRUSD/>) chart - Trading View

Exchange - Binance

Support: 87.4592 (cloud top); Resistance: 108.53 (5-DMA)

Technical Analysis: Bias Bearish

Altcoin space crumbles as they track losses in the Kingcoin.

Monero extends weakness for the 3rd straight session, tests 50-DMA at 91.24.

Cloud is offering strong support and break below will see further weakness.

Technical indicators are bearish. Stochs and RSI have rolled over from overbought levels.

5-DMA has turned, MACD shows bearish crossover on signal line and volatility is rising on the intraday charts.

Price action has broken below 4H 200-SMA and break below cloud top will see further weakness.

Next major support lies at 110-EMA at 80.77 ahead of lower Bollinger Band at 77.59.

5-DMA caps upside at 108.14. Break above negates near-term bearishness.

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).



## Links in this article

- [XMR/USD](https://www.tradingview.com/symbols/XMRUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)