Monero (XMR) Bounces After Rejection from Long-Term Resistance

The Monero (XMR) price has been decreasing since it was rejected by the long-term $250 resistance area on Feb. 20.

Despite the rejection, XMR seems to be holding up above the minor $185 support area and should continue increasing.

XMR Long-Term Levels

XMR has been decreasing since reaching a high of $287 on Feb. 20. The rejection occurred right at the 0.5 Fib retracement level measuring from the all-time high price of $476. 

Technical indicators are mixed. While the…


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