Monero was trading at a take-profit level; can bulls push the price past this area of supply

One of the leaders of the privacy coin sector, the price of Monero has taken a beating on the charts. A few months ago, Kraken had to delist Monero due to regulatory compliance reasons in the UK. News such as these could deflate investor confidence in the coin. At the time of writing, the coin was trading at an area of supply at $180- but bulls might be forced to retreat once more.

XMR- 12H

Source: XMR/USDT on TradingView

In May 2021, the price of Monero shot to $519 per coin, but since…


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