The jump above the descending line was high and quick as it seemed like deep pocket figures reached quite much and took action on such a dip. On the first attempt a day ago, the hurdle around $440.00 acted as a barrier for any continuation on gain.
Today, the same event is taking place on the hourly chart, however the stability is there on the supportive bullish trend which could signal out that an overcome of above mentioned resistance mark is laying on the very near term. If the latter one does come true, most likely XMR against the US Dollar will retest its all-time high for a second time and hopefully make it above $500.00 this time. If sellers take control and push the token value downward, supports sitting around $410.00 could do the job and stop any further losses.
Trade safely and do not overtrade – support Crypto!