We don’t have any good news for Monero investors today. The asset is experiencing difficulties with rising above the $260 level, which has turned into a resistance. Young bull calves (we can’t quite call them mature bulls) were able to push the price out of the descending channel for a short time, but could not hold the position.
But even if success favored the horned ones, the parallel expansion of this channel a little bit higher would certainly foil plans for further growth. Because of this, we predict that the asset will once again test the level of $230, where buyers should try their hardest to support the coin.
We don’t see any prospects of rapid growth for Monero - at best, the bulls can expect a test of the previous local high- $300.
The medium-term goal of $340, which we marked on the chart, can be kept in mind, but there are no reasons to count on its rapid achievement.
Check the full crypto analysis HERE
But even if success favored the horned ones, the parallel expansion of this channel a little bit higher would certainly foil plans for further growth. Because of this, we predict that the asset will once again test the level of $230, where buyers should try their hardest to support the coin.
We don’t see any prospects of rapid growth for Monero - at best, the bulls can expect a test of the previous local high- $300.
The medium-term goal of $340, which we marked on the chart, can be kept in mind, but there are no reasons to count on its rapid achievement.
Check the full crypto analysis HERE
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.