Monero $XLM is experiencing fluctuations

The price movement of Monero (XMRUSDT) has been characterized by volatility at the momentary levels, attempting to offload its clear buying saturation with relative strength indicators, while at the same time trying to gain positive momentum that may help it resume its strong ascent, under the control of the main bullish trend and trading alongside a minor upward trend line in the short term, with continued positive pressure resulting from trading above its simple moving average for the previous 50 days.

Based on this, our expectations indicate more upward movement for the coin's price during its upcoming trades, especially in the case of breaking the resistance at $296.00, targeting then the first resistance level at a price of $342.00.

Expected trend for the upcoming trades: Bullish