- Monero price is consolidating within an ascending parallel channel, hinting at a crash after a small bullish impulse.
- If validated, XMR could drop by more than 25% to revisit the $115 support level.
Monero seems to be forming a massive bearish pattern that could see its price lose some of the gains made recently. Everything will depend on its ability to remain trading above the $135 support level.
Monero price’s bearish outlook overshadows the recent…
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