The test of ascending trend line in. place from March has so far held. This, to me, looks encouraging. The price is running into some resistance at $421. However, I expect this level to be soon cleared, putting XMR on a path to $450.
A descending trend line at $450, from the April high, offers resistance.
If the Monero price can clear this resistance, there is a good chance it can continue higher, with the ATH being an obvious target on the upside.
A close below the ascending trend line at $366 would negate the bullish outlook.
A descending trend line at $450, from the April high, offers resistance.
If the Monero price can clear this resistance, there is a good chance it can continue higher, with the ATH being an obvious target on the upside.
A close below the ascending trend line at $366 would negate the bullish outlook.
