Monero Price Prediction – XMR/USD Symmetrical Triangle Pattern
Trading in Monero is choppy, at the 237 level; however, recently, it has been heading north. The XMR/USD has crossed above the 50 SMA resistance level of 237, and now it is working as a support for the XMR. Further to the upside, the XMR/USD may find resistance at the 239 level.
Daily Technical Levels
Pivot Point: 238.667A breakout at 239 could lead Monero towards the resistance levels of 249 and 254, whereas a breakout at the pivot point support level of 233 could extend the selling trend until 228 and 223. Violation of a symmetrical triangle pattern will determine further trends in the coin. Good luck!