Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
Post a rising wedge-like (white) setup, Monero [XMR] expectedly saw a breakdown in the four-hour timeframe. While the last few days saw steady growth from the lows of $99, the sellers found renewed pressure at the $132 resistance.
With the recent hike in selling volumes, the sellers have negated the buying efforts while pulling the price below…
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