XMR coin price shows a remarkable uptrend in motion surpassing the $275 mark and eye the $300 mark as the EMAs give a golden crossover.

Key technical points:
<ul>
 	<li style="font-weight: 400">XMR prices surpass the $275 mark.</li>
 	<li style="font-weight: 400">The 50 and 200-day EMA give a golden crossover.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Monero is $424.93 Million, marking a 93% rise. </li>
</ul>
<h2>Past Performance of XMR</h2>
The XMR/USDT pair has a solid uptrend without a correction phase breaking below the higher high level in the upward trend after March. The movement started at $150 in February, reached several bearish levels, and has recently tested the $250 level before climbing 7.25 percent to weaken the recoil phase. The trend continues to climb by forming a follow-through candle which we can see rising over the $267 mark.

<img src="https://s3.tradingview.com/snapshots/p/p8uLGQUZ.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/p8uLGQUZ/">Tradingview</a>
<h2>XMR Technical Analysis </h2>
XMR coin price rises above the $275 mark with a bullish engulfing candlestick ready to approach the $300 milestone as the buying pressure increases. Moreover, the increased trading volume supports the ongoing bull run. 

The inflating prices of the privacy token bring a bullish reversal in the crucial daily EMAs resulting in the golden crossover. Moreover, the rising 100-day EMA aims to cross above the 200-day EMA to regain the bullish alignment for the crucial EMAs.

RSI Indicator: The RSI slope shows a positive trend in action but struggles to enter the overbought boundary at the 70% mark. Moreover, the indicator doubts the uptrend continuation as it gives a bearish divergence.

MACD Indicator: The MACD and signal lines continue the uptrend after avoiding and sabotaging a couple of bearish crossover attempts. Hence, the indicator provides a solid bullish signal for Monero.

In a nutshell, the XMR technical analysis shows a significantly increased possibility of a bull run to the $300 mark. 
<h2>Upcoming Trend </h2>
The uptrend that is currently in place shows an increase in the buying demand as XMR price climbs above $275. Thus, the uptrend is likely to reach 300 before breaking the uptrend. Insurance against the bearish divergence of the RSI and a close below $250 could be a point of exit because it could impede the momentum of the uptrend and increase the risk of a decline.

Resistance Levels: $200 and $225

Support Levels: $175 and $160

&nbsp;

XMR Technical Analysis: Hungry, Hungry Bulls Eye $300 Milestone!

XMR coin price shows a remarkable uptrend in motion surpassing the $275 mark and eye the $300 mark as the EMAs give a golden crossover.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

XMR Technical Analysis: Hungry, Hungry Bulls Eye $300 Milestone!

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