The price of Monero (XMR) fell by about 10% three days after hitting a week-to-date high of around $290 on April 24. Still, multiple technical indicators indicate that the XMR/USD pair is prepared to resume its rise in the coming months.
Falling wedge breakout ahead
The price of XMR broke out of its “falling wedge” pattern in late March. It continued to rise in the later daily sessions, with increased volumes showing bullish sentiment among Monero traders.
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