XMR recovery rally knocks out another resistance of $215, bolstering buyers for a 15% run. Will the buying sustain so that the uptrend hits $250? Key technical points: The post-retest rally would soar XMR price by 15% The rising 20 and 100-day EMAs provides a bullish crossover. Finally, the 24-hour trading volume of Monero is $174.1 Million, marking a 1.86% rise. Past Performance of XMR On February 25th, the XMR price rebounded from the $140 support with a long-tail hammer candle. Since then, the altcoin has been rallying higher under an ascending trendline. The recovery rally breached several critical technical levels on its way, such as $182, $210, and 200-day EMA, and it currently exchanges hands at $221, with a 50% gain since the last month. Source-Tradingview XMR Technical Analysis The XMR price rally sabotages the long-coming resistance trendline to showcase the uptrend. Furthermore, it has recently pierced the $210 resistance, indicating the buyers are ready for another leg up. However, the coin price could pull back to retest the breached resistance, validating a sufficient bullish momentum. Moreover, until the support trendline is intact, traders can maintain a bullish bias for the Monero coin. The recovery rally regains the crucial EMAs(20, 50, 100, and 200), indicating the buyers have the upper hand. As a result, these EMA lines could provide dip opportunities to long traders during the occasional pullbacks. RSI Ind...
