XMR/USD chart - Trading View
Exchange - Bitfinex
Support: 47.60 (21-EMA); Resistance: 50.50 (Wedge top)
Technical Analysis: Bias turning bullish
XMR/USD broke out of consolidation and has shown a spike of over 7.75% in today's trade.
The pair hit session highs at 49.238 before paring some gains to trade at 48.45 (up 6.15%) at around 07:15 GMT.
Price action has bounced off 'Falling Wedge' support with a 'Hammer' formation in the previous session.
The pair has broken above 21-EMA resistance which has now turned support at 47.60.
Technical indicators are turning bullish on the intraday charts. RSI and Stochs are biased higher and RSI has edged above the 50 mark.
Breakout of the 'Falling Wedge' pattern could propel the pair higher. Major resistances ahead are seen at 51.60 (55-EMA), 55.71 (Cloud base) and 57.22 (110-EMA).
Failure to hold break above 21-EMA will negate any bullish bias in the pair.


Kalshi CEO Defends Federal Oversight Amid Prediction Markets Legal Battle
EURJPY Pullback Stalls: Short-Covering Bounce Faces Overhead Resistance Near 177.60
Cardano Price Drops 15% as Whales Sell 110 Million ADA
Zcash Price Drops 30% as ZEC Tests Critical $1,120 Support
FxWirePro: NZD/USD gains some ground but outlook is still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/NZD stuck in a range but maintains bullish bias
Bank of America Fined $1.21B as CZ Questions AML Double Standard
Wells Fargo Expands Stablecoin Plans With 20 Major Banks
FxWirePro- Major Crypto levels and bias summary
AI Crypto Payments Surge to 138 Million Transactions on Base
FxWirePro: GBP/AUD consolidates ahead of UK economic data, downside risks remain
Solana Alpenglow Upgrade Set for October 21: What It Means for SOL
Tesla Holds $960 Million in Bitcoin as BTC Gains Top $710 Million 



