Monero (XMR) has shown signs of life on the daily chart, currently trading around $322.40 after bouncing from a recent low near $300.
The RSI (14) is hovering around 52.66, indicating a shift in price momentum towards a more balanced state, potentially signaling the start of a new uptrend.
Key levels to watch include support at $310–$318 and resistance at $340, with a target of $400 if Monero price breaks above the current resistance levels.
With sustained daily gains of 2%, Monero could realistically aim to reach $400 by mid-July if bullish momentum continues, but risk management is crucial in this volatile market.