#XMRUSD

Monero has surprised lately, with the price initially jumping to $318, and after a pullback and a long candle wick, it sharply went up again, reaching $328. A new long candle wick appeared, followed by a pullback to $253. Although the Connor RSI is in the oversold zone, bearish pressure will still increase, and the price will drop to $230. If there are open positions, it makes sense to secure a portion. Theoretically, it might be possible to touch the resistance at $335 in May, but there are plenty of coins that will show a much better result.
From a fundamental point of view, it is difficult to determine the reason for the recent price pump of XMR; however, some analysts point to technical indicators suggesting that the coin has not yet exhausted its growth potential. User JAVON MARKS studied the XMR chart over the past couple of years and suggested that we are seeing "movement directly towards its target of $484.44."