In terms of techniques, the indicators provide additional information on the XMR trajectory. The 50 -day exponential mobile average (EMA) serves as a level of critical support around $ 311, while the 200 -day EMA is on an upward trend, currently at $ 214.59. Overall, these tendencies suggest a feeling of bullish strengthening. In addition, the indicator of divergence of Mobile Average Convergence (MACD) approaches a neutral point, indicating a potential for increased price for short -term prices.
If this trend is valid, the bullish momentum could allow XMR to retest its weekly summit of $ 406, which potentially a new 52 -week peak. On the other hand, if the market conditions become lowering, the price can review the level of support of $ 313 or decrease more to $ 270. Currently, analysts provide that XMR will fluctuate between $ 313 and $ 375, subject to a wider market dynamic.
Everything well considered, while Monero continues to navigate market fluctuations, the next few days will be essential to determine if it can maintain its momentum upwards and reach the target of $ 400 planned.
