Monero Price Analysis: XMR/USD struggles to stay above the $65-level
|- XMR/USD has found support at the green Ichimoku cloud.
- The RSI indicator is looking to drop below the overbought zone in the daily chart.
XMR/USD daily chart
XMR/USD bulls have rallied to keep the price above the $65-zone. Currently, XMR/USD is priced at $65.65 and hovering above the green Ichimoku cloud in the daily chart. The 200-day Simple Moving Average (SMA 200) curve acts as immediate market resistance. The Moving Average Convergence/Divergence (MACD) and Elliott Oscillator both show sustained bullish sentiment. The Relative Strength Index (RSI) indicator was going to fall below the overbought zone when it managed to gain some momentum and stay right at the edge.
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