Monero [XMR]: Bears should be cautious about the $157.1 support

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

  • XMR was in the oversold zone with high selling pressure but with a likely trend reversal.
  • A sharp increase in open interest rates could influence trend reversal. 

Monero (XMR) lost about 15% of its value to the current price correction. After reaching a peak of $188, the price correction pulled it down to around $160.

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