Following a 6-week long up-channel (white), Monero (XMR) predictably pivoted from its $283-ceiling. The past few weeks have now accounted for two bear runs, with renewed selling pressure pulling the alt to its February lows as of 10 May.
In gearing up its efforts to impede the bearish pull, buyers have negated the consistent streak of red candles on the 4-hour timeframe. Should the current candlestick close as green above the $161-mark, XMR could aim to challenge its current pattern. At…
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