XMR recovery rally knocks out another resistance of $215, bolstering buyers for a 15% run. Will the buying sustain so that the uptrend hits $250?

Key technical points:
<ul>
 	<li style="font-weight: 400">The post-retest rally would soar XMR price by 15%</li>
 	<li style="font-weight: 400">The rising 20 and 100-day EMAs provides a bullish crossover.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Monero is $174.1 Million, marking a 1.86% rise. </li>
</ul>
<h2>Past Performance of XMR</h2>
On February 25th, the XMR price rebounded from the $140 support with a long-tail hammer candle. Since then, the altcoin has been rallying higher under an ascending trendline. The recovery rally breached several critical technical levels on its way, such as $182, $210, and 200-day EMA, and it currently exchanges hands at $221, with a 50% gain since the last month.

<img src="https://s3.tradingview.com/snapshots/l/lrudHdvk.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/lrudHdvk/">Tradingview</a>
<h2>XMR Technical Analysis </h2>
The XMR price rally sabotages the long-coming resistance trendline to showcase the uptrend. Furthermore, it has recently pierced the $210 resistance, indicating the buyers are ready for another leg up. However, the coin price could pull back to retest the breached resistance, validating a sufficient bullish momentum. Moreover, until the support trendline is intact, traders can maintain a bullish bias for the Monero coin.

The recovery rally regains the crucial EMAs(20, 50, 100, and 200), indicating the buyers have the upper hand. As a result, these EMA lines could provide dip opportunities to long traders during the occasional pullbacks.

RSI Indicator: The RSI slope shows a similar parabolic rally in the bullish territory with no signs of weakening so far

Vortex Indicator: The bullish crossover among the VI+ and VI- sloped gives an additional confirmation for buyers. The widespread within these lines suggest aggressive buying. 

In a nutshell, the XMR technical analysis shares a bullish tendency with the possibility to reach $250.
<h2>Upcoming Trend </h2>
The sustained buying above the breached $210 resistance could drive the XMR price 15% high to $250. However, if sellers violate the dynamic support trendline, the XMR traders can experience an 18% free fall to $182, followed by $140.

Support Levels: $182 and $140

Resistance Levels: $252 and $300

XMR Technical Analysis: Out-Of-Control XMR Buyers Eye $250

XMR recovery rally knocks out another resistance of $215, bolstering buyers for a 15% run. Will the buying sustain so that the uptrend hits $250?

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: Out-Of-Control XMR Buyers Eye $250

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