Yesterday's forecast for Monero was exactly on point, and the bulls’ target of $220 was executed with high accuracy. However, even we underestimated the amount of capital that flowed into the asset after leaving the long-term descending channel. Thanks to the strong support of investors, on Wednesday the price went up to $230, where it remains now.
On the way, Monero broke through the ascending channel, and now, to build its extension, it will take a bit more time and data.
The asset continues to look better than the market, the perspective goal is at $260, where the bulls will certainly meet with a rebuff.
It is quite likely that before continuing the climb, investors will be obliged to take a little break - the range $220 - $ 230 is perfectly suitable for this purpose.
Check the full crypto analysis on BTC and altcoins HERE
On the way, Monero broke through the ascending channel, and now, to build its extension, it will take a bit more time and data.
The asset continues to look better than the market, the perspective goal is at $260, where the bulls will certainly meet with a rebuff.
It is quite likely that before continuing the climb, investors will be obliged to take a little break - the range $220 - $ 230 is perfectly suitable for this purpose.
Check the full crypto analysis on BTC and altcoins HERE
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