- Monero Price is trying to sustain above all vital moving average lines, while volume activity over the chart is also increasing.
- The digital asset is heading higher after taking support of the significant support line of 200-day and trying to hold above its short to medium-term moving averages.
- The pair of XMR/BTC is trading at 0.004304 BTC with an intraday gain of +5.92%, and the ratio of XMR/ETH is CMP at 0.06556 ETH with a 24-hour change of +3.62%.
Monero Price at the monthly chart is trying to sustain above its all vital moving averages, with the increasing volume activity. The digital asset is trying to gain momentum after taking support from its 200-day moving average lines. While presently sustaining above its vital DMA line.
The crypto asset rebounded successfully after a sharp fall from the higher levels and also took the support of 200-DMA lines. Volume activity over the monthly chart increases and is recorded near its average volume line. For the next lap of bullish momentum, the coin must manage to sustain above its all vital DMA lines, with supportive volume activity. Support on the lower side is $250 and $221, whereas resistance on the higher side is $296 and $320.
Monero Price is heading towards the higher levels at the 4-Hour time frame
Monero Price at the weekly chart is again heading towards the higher levels after facing a rejection from higher side. The technical parameters are testing the higher levels and suggesting the caution with longs. Volume activity at the chart is lower needs to grow strongly for the next lap of a bullish move. XMR is trading at $271 with an intraday gain of +1.04%, and the volume to market cap ratio is 0.04942.
Relative Strength Index (CAUTION): Monero Price RSI is trading near the overbought zone after a recovery from the lower levels. In contrast, the coin trades higher and projects slight caution with longs and RSI at 61.
Moving Average Convergence Divergence (BULLISH): The daily chart projects a bullish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) is overpowering the seller’s line (red) with a positive crossover.
Support levels: $250 and $221
Resistance levels: $296 and $320.