TL;DR Breakdown The Monero price analysis shows an increase in price today.Price value has improved up to $307.44.Strong support at $299 giving edge to the bulls. The Monero price analysis is displaying bullish signs, as the coin value has undergone a significant recovery in the last hour. The price has increased up to $307.44, which is a great sign for the buyers to invest their money. The price levels are expected to rise even further, as the short-term trending line is covering its path in an upward movement. The bulls have kept strong despite the bearish retries in the past few hours to lower the cryptocurrency value. XMR/USD 1-day price chart: Price rise today as bulls cover $307 range The 1-day Monero price analysis chart is showing the cryptocurrency report is going bullish for the day. The price levels have reached the $307 height, which is major progress after the ongoing bearish momentum in the past few days. The price is advancing high, and it has even reached above the moving average value (MA) which is at $298. Furthermore. the Bollinger bands indicator is showing us an average of $294, with a relatively increasing volatility. XMR/USD 1-day price chart. Source: TradingView The other values related to Bollinger bands are as such; the upper Bollinger band has reached the $331 height, whereas the lower Bollinger band has reached $257 of height. The RSI score is also on the rise considering the ongoing bullish tre...
