Monero (XMRUSDT) is in the green - Analysis - 12-25-2024

The price of Monero (XMRUSDT) jumped higher during its recent trading at the moment levels, supported by its continuous trading above its previous 50-day simple moving average, and under the control of the main upward trend and its trading along the trend line, as we notice amidst that the beginning of a positive divergence in the relative strength indicators, after reaching areas of severe saturation with selling operations, in an exaggerated manner compared to the price movement with the beginning of positive signals from it.

Therefore, our expectations indicate further rise in the price of the currency during its upcoming trading, as long as the support level of $182.30 remains stable, targeting the pivotal resistance level of $234.36.

The expected direction for the upcoming trading: Upward