Monero Price Analysis: XMR/USD bulls make a comeback after finding support on the SMA 20 curve


  • XMR/USD bulls made a comeback following three straight bearish days.
  • The Elliott Oscillator and MACD indicator show sustained bearish market sentiment.

XMR/USD daily chart

XMR/USD daily chart

XMR/USD bulls jumped up from the support provided by the SMA 20 curve to rise from $82.68 to $83.13. Before this, the market suffered from three straight bearish days following its repeated failure to break above the $95 psychological level. During this time period, XMR/USD fell from $95 to $82.68. Both the Elliott Oscillator and MACD indicate that the bears still have complete control of the market. The RSI is crawling along the 56.40-level with bulls and bears canceling each other out.
 

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