Monero price analysis: XMR/USD prepares to surpass new ATH at $318

TL; DR Breakdown This week has been a tough week for Monero as it has generally traded in bearish momentum. On the five-day Monero price analysis chart, the XMR/USD price ranged between $280 -$310. The price has risen past $300, following the daily support of $296.24. Monero price analysis: General price overview This week has been a tough week for Monero as it has generally traded in bearish momentum. However, at first this month, the coin started trading a bullish trend.  On the five-day Monero price analysis chart, the XMR/USD price ranged between $280 -$310. This shows that the coin is highly volatile. The 50-day MA indicates a bullish signal. The 50 Moving Average has crossed over the 100 Moving average, signalings that the market is bearish. Monero is set to break its new high of $318 in a few days to come. Monero price analysis chart shows many indicators are in favor of the bulls.  The price has risen past $300, following the daily support of $296.24 as per Monero price analysis. The bulls will be able to surpass the all-time high if they continue to gain momentum. Following an impressive bull charge, Bollinger bands suggest rising volatility. Because buyers appear to be very confident in investing in the asset, it’s conceivable that the value may rise even higher. Source: Coin360 The giant asset digital asset BTC is bleeding while its closest competitor, Ethereaum (ETH), price has risen by more ...