Monero price analysis: XMR/USD aims to surpass the intraday highs of $242

TL; DR Breakdown On the 24-hour time frame, the daily Monero price analysis indicates bulish sentiments.The daily range is from $229 to $242 daily.On the 1-hour chart, our MACD histogram displays short red bars. The bulls picked off the five-day Monero price analysis chart while the bears took control of the market. The cryptocurrency traded in a rising wedge, with several triangles emerging. In the last week, XMR has gained 25 percent. On the 5-day price analysis chart, it appears that the green bars are more significant than the red ones. On the 1-day chart, our share shows that the price is trading in a range. The XMR/USD price closed with an upper wick in today’s Monero price analysis. Indicating potential bullish momentum heading into the weekend. The range for the last 24-hours is $229 to $241. This means that there are no significant sell walls at these price points. The bulls have their tails between their legs with the losses today. In our most recent Monero price analysis, I made a number of predictions, one being that this upward momentum was going to run out of steam, and it has. Our MACD histogram is in the red, which isn’t surprising given that we have been trading in a downtrend. The support is established below $200 at the 23.6 percent Fibonacci retracement level, with the swing high point at $260 and the low end at $167. The MACD histogram has pretty much bottomed out, which is why we see these sm...