XMR Bulls Take Charge Of The Market, Price Falls Against BitcoinAuthor: Azeez MustaphaLast Updated: 12 June 2020 Monero (XMR) Price Analysis – May 30Monero markets have been moving in an opposite direction for the past two weeks after the May 16 correction which later led most of the top 20 altcoins to a resume the bullish move. But against Bitcoin, the market has remained in a downward movement over days ago.XMR/USD MarketKey Levels: Resistance levels: $102.5, $108.5 Support levels: $92.5, $87.5Against the USD, Monero trading has been within an ascending channel for the past two weeks, as the price actions respect the market trend which has been bullish after the May 16 sharp drop that led the sellers to the bottom at $77.5 before a bounce up occur. The 21MA and the 50MA have revealed a bullish move as they trend higher. XMR price is now testing the mid-RSI level.XMRUSD-4H-Chart-May-30If the token drops, the $92.5 support would be a potential level for the sellers to lay-by. Below the level lies the $87.5 support. At the upside, the buyers may find resistance at the $102.5 and $108.5 levels. As of now, the XRM market has maintained a bullish momentum. A significant drop below the channel might lead to a bearish scenario.XMR/BTC MarketAgainst Bitcoin, Monero trading has remained within the descending channel for over two weeks now, positioning the market in a bearish trend as the sellers may continue to hold trading within the channel boundary. The 21MA and the 50MA are waving along with price action market since the channel formation began.XMRBTC, 4H Chart – May 30For a bullish move, XMR is more likely to hit the 0.0112BTC resistance and above. Following the trend, the market may continue the downward movement towards 0.010600BTC support and beyond. As revealed on the 4-hours RSI, the token currently lies at the 50 level of the indicator which could mean that the market is indecisive at the moment.Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.