- XMR token price has moved 50% up after the price consolidation and is now moving into a more narrow growth.
- The coin price has been trading above the major EMAs after the consolidation breakout.
- The XMR/BTC pair is trading at 0.007061 with an intraday down move of 1.64%.
XMR token price has been rising higher with the help of the support trendline and 50 EMA in the 4-hour timeframe after the breakout of the consolidation pattern resulting in more than the 50% rise. The coin price is trading inside a consolidation pattern that holds the fate of XMR. The constant support from the 50 EMA has played an important role. The rise of selling volume in consolidation is posing a threat of pullback. The level of $367 and $300 is the immediate support, whereas the immediate resistance level is $440.The price jump due to the breakout has managed to keep it above the 50 EMA (yellow) and the 200 EMA (white). The relative strength indicator is trading near 43 and heading lower, indicating increasing bearishness before rebounding from the oversold zone.The ADX indicates a gaining momentum as it is trading at 17, and the slope in ADX is increasing, implying a gain of momentum.