Assessing the odds of Monero [XMR] retracing on the charts

Monero [XMR] is among the few cryptos that have seen healthy recovery from its 2022 lows. In fact, it is up by more than 44% from its $96.50 June low. Even so, its press time position seemed to suggest that a bearish retracement is imminent.

XMR peaked at $141.45 during Friday’s trading session. This represented a healthy upside of more than 44% from its lowest level in June. This move placed it within January 2022’s support level.

More notably, the latest peak placed it…


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