Monero Price Analysis (XMR/USD) The weak market condition of the Monero coin has ravished its capability to record a bullish market performance. On an intraday chart, XMR/USD pair has exhibited a bearish outlook. Notably, analysts anticipate further downside move. According to them, the XMR/USD pair may continue to suffer as the unfavorable market condition may continue to affect its upcoming projects. However, looking at the hourly chart, the trend is downtrend as the descending channels reflected it. This also signaled further downside move. The price failed to trade above the $81.9654 and dropped the support level from $81.1222 to $78.6000.
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