Monero (XMRUSDT) declined in its recent intraday trading, finding support at the 50-day SMA as it attempts to gather positive momentum for a potential rebound. The short-term trend remains upward, and a bullish divergence is starting to form in the Relative Strength Index after reaching extremely oversold territory relative to price action, with early signs of a positive crossover emerging.

Therefore we expect the price to rise in upcoming intraday sessions, as long as support at 301.50 holds, targeting the resistance level at 372.00.

Todays price forecast: Bullish.

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Weekly performance report available here: Trading Signal Results Week of July 1418, 2025