Monero (XMR) has been struggling to regain its bullish momentum since reaching a high on Dec. 19.
However, the decrease only served to validate the breakout level and Monero is expected to move upwards once more.
Monero Long-Term Movement
The weekly chart shows that XMR is trading between major support and resistance levels of $133-$166, created by the 0.382-0.5 Fib retracement levels of the most recent downward move.
XMR was rejected on Dec. 17 after reaching a…
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