Monero Offers Buy Opportunities
Monero (XMR) has dropped 4.3% to $167.60 this week, which contrasts with Bitcoin's rise of 3.8% to $56,500. Despite this relative weakness, Monero's price action reveals a potentially bullish setup. XMR has formed an ascending triangle pattern, with the resistance level positioned at $175.00. This resistance has held strong for over two years, preventing the price from staying above that mark.
Currently, Monero appears to be making a strong push toward breaking this resistance. If successful, this breakout could trigger a significant upward movement, with a potential target of $225, representing a 25% gain.
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