1
XMR coin faces range-bound moves and attempts to escape the round mark of $150.
2
XMR coin made a double bottom pattern on the charts.
Monero (XMR) price showcased a correction and was rejected from the supply zone of $170 and retested the support zone of $135 in the past sessions. XMR indicated volatility and signaling a significant upside above $150 to be witnessed soon. Buyers persisted in adding long positions, accumulating, and showing buying interest and willingness to sustain above $150. Furthermore, the correction has been completed, XMR is getting ready to retain the swings of $170, which, if it surpasses, will move to $200 in the following sessions.
XMR price is trading near neutrality and close to the round mark of $150, where bulls and bears showed equal interest. If the price sustains above $150, a short covering move could be seen toward $170, whereas if it slips below $150, it will retest $125 soon. However, the technicals suggest a rebo
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