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 <p>Monero was trading beneath resistance at $78.4. Awesome Oscillator showed that momentum remained strongly in bearish territory.</p><p>The same rule of thumb applied for Monero, as for any of the dozens of other assets that lost a good amount of value in the past few days. Unless the asset reclaims recent <a href="https://eng.ambcrypto.com/chainlink-monero-stellar-lumens-price-analysis-2-september/">losses</a>, any move upward should be viewed as a bounce, and not necessarily a reversal of a downtrend.</p><p>Monero held rank 18 on CoinMarketCap, with a marketcap of $1.36 billion.</p> 

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