Monero (XMR) Price May break Up $152 Resistance Level

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 Bulls may continue to dominate Monero market

Monero (XMR) Price Analysis: 11 December

In case the buyers cannot break up the resistance level of $152, there may be a price decrease toward the support level of $144, $134, and $124. In case the resistance level of $152 is broken upside, the price may increase toward the resistance levels of $165, and $185.

Key Levels:

Resistance Levels: $152, $165, $185

Support Levels: $144, $134, $124

XMRUSD Long-term Trend: Bullish

Monero is bullish on the daily chart. Last week, the coin closed below the $144 price level. The bulls maintain their strength in the Monero market. Bulls gained more momentum and broke up the resistance level of $144. More bullish candles were produced and the price is increasing toward the resistance level of $152. Further increase in price is envisaged as long as buyers maintain their pressure.

As a sign of bullish momentum, Monero price is trading above the 9-periods EMA and 21-periods EMA. In case the buyers cannot break up the resistance level of $152, there may be a price decrease towards the support level of $144, $134, and $124. In case the resistance level of $152 is broken upside, the price may increase toward the resistance levels of $165, and $185. Meanwhile, the relative strength index period 14 is at 65 levels with the signal line displaying a bullish direction.

XMRUSD Price Medium-term Trend: Bullish

Monero is on the bullish movement on the daily chart. The bullish movement continues in the Monero market. After the decline of Monero price last two weeks, the sellers lose their momentum at the same level just mentioned. The price is increasing technically towards the resistance level of $152. The just-mentioned level may be broken upside and the price will face the resistance level of $165.

The price is trading slightly above the 9-day EMA and the 21-day EMA which indicates bullish momentum in Monero market. The relative strength index is at 69 levels, indicating buy signal.

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