Monero Price Poised for a Rise:🔥🔥💥💥🔥🔥
Monero price is currently on a recovering path, increasing by almost 15% over the last week to reach $350, as investors seize the opportunity to buy the dip. A bullish MACD crossover is getting formed on the daily chart, thus suggesting that the buying pressure might be dominating the selling pressure. Moreover, XMR has also broken out from the falling wedge pattern, which is a quite trustworthy sign of a bullish reversal.
Strong Resistance Levels
, $375: next significant resistance level to be observed, $625: possible target if $375 is surpassed, $788: annual high to retake should bulls continue to pressure beyond $625
The demand for Monero is growing as a result of the newly heightened emphasis on privacy and the associated feeling of surveillance. Besides, 48% of the new darknet markets are XMR exclusive.
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