Monero [XMR] bulls are back but the ghost of the 2022 bear market is still lurking in the background. The current upside might thus, be a temporary bullish relief, in which case a retracement might be on the way.
XMR traded at $122 at press time, which means it is up by roughly 31% from its 2022 low at $96.50. A sizable retracement might be inbound, considering its latest upside. Additionally, Fibonacci lines place the next potential retracement near the $142 price level.
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