Monero scores high on social ranking, but is it enough to rejuvenate bulls

ambcrypto.com:

Monero achieved some level of success in overcoming sell pressure towards the end of February and briefly in the first week of March. However, the bears have finally caught up with it this week triggering significant price slippage.

How many are 1,10,100 XMRs worth today?

Monero’s price fell by roughly 14% courtesy of the prevailing bearish market conditions this week.

It danced around the 200-day moving average prior to that, before eventually yielding to the bears. It hovered around the $132 support line at the time of writing, while almost dipping into oversold territory on the RSI.

Source: TradingView

That said, however, Monero still managed to secure a win in the social ranking despite the losses suffered in its price action.

LunarCrush’s latest ranking picked Monero as the coin of the day in terms of social ranking. This was a sign that it was receiving a lot of social attention which is a good thing especially now that it is at a discount.

Top influencers are @halomancer1 @100xShaman @CrypttoManiac_ @fluffypony✨