Monero (XMRUSDT) price advanced slightly in its latest intraday trading, supported by dynamic backing from trading above its 50-day SMA. The short-term corrective bullish wave remains in control, with trading moving along an upward slope line. In addition, positive signals have started to appear in the Stochastic indicators after the price successfully unwound its overbought levels, giving it more room to achieve further gains in the near term.

Therefore, we expect the currency to rise in its upcoming intraday trading, provided the support level of 264.00 holds, to then target the key resistance level of 286.00.

Todays price forecast: Bullish.