Monero (XMR) spiked to its peak levels in three months, in the face of challenges in the crypto market. XMR has been gaining momentum since June 13 as it has been enjoying highest highs over the past few months. The token has been on an uptrend for the fourth day in a row and today it’s at fever-pitch with an intraday high beaming at $153.09 3hich is considerably the highest gain it has had since June 13. With this big move, XMR/USD has set its targets on a new resistance level at $155, which will be considered as the price ceiling for many traders. This new price ceiling will come in tandem with another resistance level. Monero Going For A Bull Run At $175 Two things can happen: The bears might look at the market scenario as being overbought and will then reenter or can even push other bulls to vacate their recent positions. On the other hand, if a breakout happens, then Monero could push for a bull run toward a higher ceiling eyed at $175. XMR was able to breach its support zone and is now trying to retest the trendline. XMR is currently going for an ascending triangle pattern. Suggested Reading | Binance Coin Trading Volume Up 35% As BNB Spikes To $274 The XMR/BTC pair soared by 0.67% in market cap and is currently trading at 0.006390; evident in the past 24 hours. XMR is showing a downtrend after it has successfully breached the long-term resistance zone and has turned the supply zone now at $135. It has been retestin...
