Monero Price Analysis: Will bears push XMR/USD below $300 support

TL;DR Breakdown Monero price analysis is bearish on the daily chart after losing 1 percent. XMR/USD is trading within a narrow daily range of $311 – $316. The MACD histogram has just moved from short green bars to short red bars.  Monero price analysis is bearish on the daily chart after losing 1 percent of its value in the last 24 hours. We are expecting the coin to retrace further as it finds strong support to realign and consolidate in preparation for beating the overhead resistance at $320. Therefore, today we can only anticipate a bearish trendline where XMR/USD could set a lower low.  The general digital assets market trades slightly bullishly after all cryptos went into recovery mode following losses on Thursday. Market leaders Bitcoin, Ethereum, and Cardano gained 3.72 percent, 4.12 percent, and 10.69 percent, respectively. Solana, Cardano, and Dogecoin remain the best performers of the day, with gains above 10 percent.  Monero price analysis in the last 24 hours: XMR/USD struggles to beat $316 resistance According to our daily Monero price analysis, XMR/USD is trading within a narrow daily range of $290 – $306. Thereby indicating a drop in volatility over the last 24 hours. Additionally, the privacy coin witnessed another drop in trading volumes since yesterday by 15 percent. The total daily trading volume sums to $236 million. Meanwhile, Monero’s market capitalization rose by 3.45 percent in th...