Monero (XMR) Bull Run Cut Short, Will 200-Day MA Offer Support? By CoinEdition

• Monero takes a delve into the red zone before scaling the heights, and reaching $181.
• After rebounding on the 200-day MA, XMR fluctuates between the median upper BB bands.
• RSI register lower lows and XMR could be in for fall. The 200-day MA could interject.

Monero (XMR) has been on a roll when considering the seven day chart below. With an opening market price of $167, XMR took a short dive into the red zone before it began its triumphant march scaling the heights. During its quick dip into the red zone, Monero reached its lowest price of $165.36 on the first day.

However, within a few hours, XMR reached its maximum price of $181.36 on the same day. Thereafter, the token traversed a rugged path with sudden drops and sudden spikes in price. Interestingly, all the spikes and drops hovered within the $172-$180 price range for the next four days of the week.

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