TL;DR Breakdown The Monero price analysis shows downtrend is going strong today.Price has decreased up to $230.Support is still at the $225 level. The Monero price analysis is giving an edge to the bears, as the price faced significant loss today. Monero’s price value is now at $230, after undergoing a massive decline in the past four hours. The short-term trending line is now fully supporting the bears, as they have been maintaining their upper position quite impressively. The price is at a short distance from the current support level i.e. $230 and is expected to cross it down soon. XMR/USD 1-day price chart: Monero on the low again after recent drop The following one-day Monero price analysis report is showing signs of bearish activity, as the price has lowered to $230.34 today. The past few weeks underwent decent recovery, as there are more green candlesticks covering that area. Today, the buyers had to observe disappointing results because of the decline in price. As the past few weeks have been supportive of Monero’s price as well, the moving average (MA) is secured at the $260.08 position. XMR/USD 1-day price chart. Source: TradingView The volatility has decreased slightly, as the upper Bollinger band is now at $322.1 and the lower one is present at $234.42. Meanwhile, The Relative Strength Index (RSI) score is following a downward movement as well as it has decreased to 43.51. Monero price analysis: Bears ...
