Monero: Assessing the odds of XMR bouncing back

Monero [XMR] has been on free fall since the start of June as what started out as a minor retracement turned into a fully-fledged crash. XMR’s latest crash has so far undone the gains from its 75% rally that it achieved from mid to end of May.

To put the bearish downturn into perspective, XMR traded as high as $204 on 1 June, its highest level so far this month. It dropped as low as $111.20 within the last 24 hours at press time, which equates to a roughly 44% crash in two…


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