Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
- A divergence between OBV and price suggests a bullish reversal
- Price action remained bearish on higher timeframes
Monero [XMR] has been on a higher timeframe downtrend since late April. Since then, the price has not managed to break out above its previous lower highs. Above XMR lay formidable resistance zones at $150, $180, and $208.
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