XMR Price Analysis – March 30
XMR/USD keeps the intraday gains of 5.13% as the coin explores higher levels to touch the daily high of $249.
Resistance levels: $275, $285, $295
Support levels: $215, $205, $195
XMR/USD is currently seen following the upward movement as the coin trades in green since a couple of days ago. The cryptocurrency market corrects itself like Bitcoin and other top coins. XMR/USD made a tremendous increase from $233.77 after dropping to $229.52 to a peak of $249.55 with a gain of 5.13%. The Monero (XMR) is currently hovering at $245.66, trading above 9-day and 21-day moving averages.
What to Expect from Monero (XMR)
Monero is one of the few digital currencies that keep the intraday gains at the time of writing but looking at the daily chart, a correction above the channel could pave the way for gains in resistance levels of $275, $285, and $295. On the downside, immediate support is below the moving averages. It is important to note that $220 is a key level of support, while the main support levels are $215, $205, and $195, but the technical indicator RSI (14) is crossing above the 60-level to indicate more bullish signals.
XMR/BTC Market: Price Moves within the Symmetric Triangle
Against Bitcoin, the market price remains within the symmetric triangle, currently trading at 4185 SAT and expecting a break out above the channel. Looking at the chart, if the coin can make a cross above the channel, the bulls may end up dominating the market.
However, if the price drops below the moving averages, the next key supports may likely be at 3800 SAT and below. On the bullish side, a possible rise could push the market to the resistance levels of 4500 SAT and above. According to the daily RSI (14), the market may begin the uptrend if the signal line moves above 50-level, which could suggest more bullish signals into the market.