TL;DR Breakdown Monero price analysis shows bearish momentum interrupted bullish trend.Monero price analysis shows a resistance level of $279.43.Support may go lower than $261.21, if bears continue to rule. The latest Monero price analysis is showing us a bearish momentum, with the price levels dropping to a level of $271. The weekly ratio has proved to be supportive for the market, however, the latest analysis indicates the opposite. Red candlesticks are present in today’s price chart, and the coin value is yet to cross the $278.8 level. Monero price analysis: price movement in 4-hours chart predicts further drop in price Today’s Monero price analysis has shown a different trend against the continuing bullish momentum. The price levels have surprisingly faced a decline and dominated the charts by taking the price down to $271.43. The volatility is seemingly increasing, hinting at the progress of bears in the market in the future. The Moving Average (MA) has reached the value of $272.22, while the average of Bollinger bands is currently $270.94. XMR/USD 4-hours price chart. Source: Trading view Furthermore, the upper strip of the Bollinger bands is touching $280.67 whereas its lower strip is at $261.21. The Relative Strength Index (RSI) levels are almost hitting 70 because the majority of candlesticks appearing during the day have been green. Still, the score is set at 61.4 which is a considerably high value. Mone...
