- Overbought conditions send Monero towards 50% Fib level support.
- XMR buyers target $72.89 hurdle but first they must clear $70.00 resistance level.
XMR/USD has defied the market consolidation pressure to record gains above 7%. This alone, Monero has corrected higher 17%. The bullish pressure across the market on Tuesday saw the price break above the 38.2% fib level taken between the last swing high of $72.89 and a swing low of $50.25. Monero gains extended above the trendline and stepped above $70.00 before coming to a halt at $72.89.