Monero (XMR) Higher 13 Days In A Row: What's Next?

NewsBTC
NewsBTC

28 Jun 2023 4:21 AM

An altcoin with a long and storied history, Monero (XMR) is currently running to the upside in a way it never has before....

  • Monero is currently experiencing a winning streak of twelve consecutive higher closes, breaking the previous record of ten straight higher closes in 2021.
  • To understand what might happen in the future, previous shorter win streaks are analyzed.
  • The number of occurrences of six consecutive higher closes is listed based on different holding times, ranging from 7 days to 365 days.
  • Past Monero win streaks suggest more strength ahead, with consistent positive average trade results across all holding times.
  • Going out to a three-month hold time, the past win streaks have delivered greater gains on average, with the highest average trade of +373.8% with a 365-day hold.
  • Monero's long price history suggests that more strength could be ahead, especially beyond three months.

The overall sentiment of the article is positive, highlighting Monero's current winning streak and suggesting potential future strength based on historical analysis.

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You May Ask

How many consecutive higher closes has Monero achieved in its current winning streak?What was the previous record for consecutive higher closes in Monero?How many occurrences of six consecutive higher closes have there been in Monero's price history?What are the average trade results for Monero across different holding times during win streaks?What is the highest average trade result during a win streak with a 365-day hold time?

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