Monero XMR price data analysis reveals that the XMR has developed a short-term bearish outlook bias. The cryptocurrency has now purged below its support and is now trading on its lowest since May this year. The 4-hour charts are showing a sharp bearish breakout that has started a head and shoulders pattern. All of the technical indicators have now turned bearish and are now showing that the sellers have the most momentum and are controlling the markets. The bearish pattern has predicted support at thirty-seven dollars ($37.00) at that point a reversal may begin. The Relative Strength Index (RSI)is bearish
