Key Takeaways
- Monero could retrace by more than 20% over the next few days.
- A sustained close below $191 should validate the bearish thesis.
- XMR will likely need to claim $207 as support to be able to advance further.
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Monero has rallied over the past week. However, further gains could be limited as several technical indicators are pointing to a significant pullback ahead.
Monero Could Take a Nosedive
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