Based on the price action analysis, a sell off happened on 7 May 2021 where price at the all time high was $519 and drop to $180 where most of investors are holding this level at now moment. A break above $225 area show the increase in demand for Monero and the decrease of bearish pressure. Its been 3 months price holding $225 area. Thats a opportunity to buy at this level. A break above descending trendline area could means a continuation of bullish pressure. For long term investment Im very bulllish on Monero because it has such a strong intrinsic value for the future of Cryptocurrency which is the use case of the coin itself the main reason why crypto world are here.
What are your thoughts on the future Monero?
What are your thoughts on the future Monero?