Monero (XMRUSDT) receives a positive boost - Analysis - 08-01-2025

Monero (XMRUSDT) price rose in a highly volatile trading day, after relying on the support of its previous 50-day simple moving average, which gained some positive momentum that helped it rebound to turn its early losses into slight gains, in light of the dominance of the main upward trend in the medium term and its trading along the trend line, but in front of that, negative signals are coming from the relative strength indicators, after they had previously reached areas of severe saturation with buying operations.

Therefore, we expect the price of the currency to rise during its upcoming trading, as long as the support level of $182.30 remains stable, targeting the resistance level of $234.36.

Expected trend for upcoming trading: Upward #XMR