Monero (XMR) trades near $415 and is approaching a golden cross as its medium-term moving averages converge around $360-$363. The cryptocurrency rebounded from lows between $310 and $320 in June and July, recently breaking above the $400 level. The fast moving average stands at $360.09 while the slow average sits near $362.85, with less than $3 separating them. The RSI is around 67, approaching the 70 overbought threshold, and XMR faces resistance at $415-$425. A sustained break above $425-$430 could target $440-$450, followed by a larger resistance zone at $480-$500.
Source: Read the original article
