Technical Analysis: Bias Neutral to Slightly Bullish
- Monero is extending sideways grind along 200-DMA
- Technically XMR/USD price retains an upside potential
- Price action is above daily cloud and major EMAs on the daily charts
- RSI converges with price action, Stochastics RSI is at oversold and on verge of rollover
- The pair has held support at 21-EMA in the past few sessions, weakness likely on break below
- Upside continuation will see test of 74 (trendline resistance)
The $0.131 mark was the late-September high; a revisit would depend on Bitcoin (BTC) strengthening and crypto-market sentiment improving. No timeframe was given.