Monero fell from the previous two-month highs as U.S. nonfarm payrolls (NFP) in December showed signs of a labor market slowdown. Figures released today showed that NFP fell to 223,000, down from the previous month’s figure of 263,000. Cardano remained mostly higher as it rose to multi-week highs.
Monero (XMR) surged to a two-month high of $158.11 in today’s session ahead of the release of the December U.S. nonfarm payrolls report.
However, the token fell to a low of $151.90 after the report showed 223,000 jobs were added to the US economy.
Initially, prices soared asXMRbroke out of the $155.00 resistance level, but at the time of writing is below this point again.
The index is currently hovering at the 61.37 level, just below the key resistance level of 70.00
The 70.00 level is usually an area where prices are overbought and this seems to be used by the bears as a perfect point of re-entry.
Cardano (ADA) surged to multi-week highs, another notable gain in Friday’s session.
ADA/USD rose to a peak of $0.2756 earlier in the day, less than 24 hours after trading at a low of $0.2651.
Today’s rally sentthe ADAto its strongest since December 16, before prices consolidated over the vacation period.
breakout above the key price ceiling of $0.270 and continues to trade above this point Currently.
Additionally, the 14-day RSI has been hovering above its own resistance point of 50.00 and is currently tracking with a reading of 50.90.
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