Monero bulls are now facing strong resistance at the 0.382 Fibonacci level after delivering a riveting performance since mid-June.
Its performance in the last seven days underscores a battle for dominance between Monero bulls and bears.
Monero managed to rally by as much as 76% from the bottom of its latest bear run in June.
Its upside encountered a strong sell wall near the $170 price level. This is a critical price zone for the cryptocurrency because it is right on the 0.382…
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