Monero (XMRUSDT) price declined in its latest intraday trading, confirming its break below the key support level of 246.40. This reinforces the stability of the bearish scenario, especially amid continued negative pressure from trading below its previous 50-day SMA, under the control of the short-term primary downward trend, with trading along a minor descending trend line supporting this path.

Therefore, we expect the price to decline in its upcoming intraday trading, as long as it remains below 246.40, targeting the support level of 222.40.

Todays price forecast: Bearish