Monero price analysis: Bulls regain $265 momentum after massive drop

TL;DR Breakdown Monero price analysis shows remarkable difference from the last week.Price levels rise to $265.78, after receiving a downward push from the bears.Support levels slowly rising and have reached $242.11. The 24-hours and 4-hours price chart is showing positive signs for cryptocurrency. According to the latest Monero price analysis, XMR/USD price has experienced a new high at $265 and the bullish momentum is still continuously at work. The past few hours have been highly unfavorable for the coin value, as the price levels dropped down exceedingly. If the bulls gain strength, then there is an avid chance of cryptocurrency breaking past the resistance present at $264. XMR/USD 1-day price chart: Bulls secure their lead after monumental setback The one-day Monero price analysis is displaying positive highlights for the bulls to further strengthen their growth. The past week has brought damage to cryptocurrency a lot, but the price chart has seen recovery today. The price levels have climbed again to $265.8, which is a massive hit considering the disappointing trends during the past week. There is still a long way till the current price touches the Moving Average (MA) value which is $264. The average value for the Bollinger bands is $257 and the volatility is decreasing for the bulls, which is a positive signal. XMR/USD 1-day price chart. Source: TradingView The lower graph is showing us the Relative Strength Index (R...