XMR/USD: Bulls try to fight back as overall market remains bearish
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- The overall XMR/USD market remains in a bearish trend.
- Bulls need to break past short-term resistance barriers to reverse the overall trend of the market.
XMR/USD has been hovering around $44 for the last four days. The buyers rallied back this Friday, to end the day on a bullish note. The overall market remains bearish, and the bulls need to break past short-term resistance goals to reverse this trend.
XMR/USD daily chart
The market is hovering around the $44 price range and is regularly using the $43 support line to bounce back up whenever the market goes down. The bulls need to push past the $47.50 resistance level to reverse the trend in the long term.
In the short term, the buyers will need to break past the resistance offered by the downward trending line, which has been pushing the market down since 20th November 2018.
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