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Monero, BAT remain bullish but MCO struggles to maintain momentum

Biraajmaan Tamuly

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Source: Pixabay

12th ranked Monero registered a rise of 4.22 percent in the past 24-hours as the asset’s valuation improved from $46.95 to $49.58. The market cap of Monero improved above $860 million in the charts but the trading volume of $107 million suggested underwhelming activity over the past day.

Market indicators remained bullish for the coin as Parabolic SAR remained under the candles at press time, and MACD line hovered over the signal line.

XMR/USD on Trading View

 

BAT/USD on Trading View

BAT managed to outperform Monero in the charts as the coin exhibited a hike of 6.43 percent. Its price improved from $0.137 to $0.148 and market cap scaled up to $208 million. Trading volume registered by the token remained average with $70.3 million at press time.

The indicators were largely bullish as RSI indicated high buying pressure in the market, coupled with a bullish narrative exhibited by the Parabolic SAR.

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MCO/USD on Trading View

Lastly, MCO token completed the past 24-hours with a 5.09 percent hike. A rise from $4.6 to $5.03 was observed as its market cap improved up to $77.4 million and witnessed a healthy trading volume of $35.45 million.

However, indicators remain slightly neutral as Awesome Oscillator hinted at a lack of bullish momentum and CMF suggested capital in-flow barely outperformed out-flows.


Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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