Monero price analysis: Monero shoots past $260 amid bullish momentum

TL;DR Breakdown Monero price analysis shows that further boost maybe expected above $260.47.Today, market has experienced a tremendous rise in the price value.Support level goes up to $250.85, as per the latest analysis. The up-to-date Monero price analysis is showing a heightening momentum from the bullish side. The price levels have covered an exceedingly wide range, as the bullish momentum has proved to be quite a blow for the bears. The price levels have returned to $255.5, their former high, causing the bearish control to collapse. The support levels are also rising above $250.85 and may reach a new height soon if the bullish momentum strengthens even further. XMR/USD 1-day price chart: Bullish momentum stimulates after constant rejection The 1-day Monero price analysis is displaying encouraging signs for the buyers, and motivating them to further add to the asset value. Despite the previous week experiencing a crossover of SMA 20 over SMA 50, the latest trends have proved negative for cryptocurrency. In the past two days, bearish superiority was observed, yet today, a commendable rise in price has happened above $260 resistance. This value is extremely near to the moving average (MA) which is the mean price value i.e. $266.04. Yet, the volatility is decreasing and the Bollinger bands average has also reduced to $256.5 which is a negative indication for the future as per Monero price analysis. XMR/USD 1-day price chart. ...