- The XMR token breaks above the $300 mark and may soon retest it to jump higher.
- XMR moves above the parabolic SAR, indicating an uptrend.
- The XMR/BTC token pair is trading at 0.006514 BTC with an intraday down move of +12.73%.
XMR Token price ranges grow after taking support from $200, leading to an uptrend resulting in the breakout of the $300 mark. However, the token price may soon retest the $300 following a bullish rally higher than the $400 mark.
In the past few days, the growth in overall buying pressure casts a strong uptrend possibility that may help the prices sustain above $300. Thus, investors may find a sweet entry with low risk at the retest o $300.
As per the daily timeframe, the coin price trades above all the significant EMAs – 20, 50, 100, 200 with a significant gap. Moreover, the EMAs are rising higher and may soon attain bullish alignment.
The XMR Token price is currently valued at $322.29, with a +15.16% gain in the market capital within the past day, showcasing growth in underlying bullishness.
The intraday trading volume of XMR has increased 71.36% in the last 24 hours, representing a boom in the buyer’s interests as the price breaks above the bullish pattern.
XMR Token Respects All The Horizontal Levels
XMR token price moves within the price levels and retests each one before starting to rally higher. Investors may find these horizontals as excellent support and resistance levels to minimize their risk.
RSI indicates a rise underlying bullishness as the slope of RSI approaches the overbought zone.
ADX indicators project a rise in the trend momentum.
Conclusion – XMR Token price may soon sustain above the $300 mark, and the trend may show some rally as the level is a high volume area. Moreover, the retest may act as an entry spot for various bullish traders and investors.
Support – $200 and $100
Resistance– $375 and $450