The positive mood reigning on the market helped Monero reach the next growth target which we indicated earlier, $280, without too much effort. Meanwhile, the graph shows the formation of an expanded ascending channel, the width of which allows the asset to be safely corrected to $250.
After that, the next perspective target will be the range of $290-$300, where historical trading volumes were at the maximum, which is expressed by a strong mirror level of support - resistance.
At the moment, Monero is one of the most stable assets, the growth and fall of which can be predicted by methods of technical analysis with high accuracy. Our recommendations regarding the holding and increasing (in case of a dip in the price) of the asset remain in force.
Check the full crypto analysis HERE
After that, the next perspective target will be the range of $290-$300, where historical trading volumes were at the maximum, which is expressed by a strong mirror level of support - resistance.
At the moment, Monero is one of the most stable assets, the growth and fall of which can be predicted by methods of technical analysis with high accuracy. Our recommendations regarding the holding and increasing (in case of a dip in the price) of the asset remain in force.
Check the full crypto analysis HERE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.