Rajarshi Mitra
Independent Analyst
- XMR/USD has jumped from $53.60 to $58.25 this Monday.
- The RSI indicator has peeked into the overbought zone.
XMR/USD daily chart
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XMR/USD charted its second bullish day in a row as it jumped from $53.60 to $58.25 this Monday. Over this Sunday and Monday, XMR/USD went up from $50.45 to $58.25. The price is currently negotiating with the resistance at the green Ichimoku cloud, while it is hovering above the 50-day Simple Moving Average (SMA 50) and SMA 20 curves. While the Moving Average Convergence/Divergence (MACD) indicates increasing bullish momentum, the Relative Strength Index (RSI) indicator has peeked into the overbought zone, which hints at an upcoming bearish correction.
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