Monero (XMR) is exhibiting a potential Bump-and-Run Reversal (BARR) pattern on its daily chart, indicating a possible shift from its bearish trend. The cryptocurrency has stabilized above the 200-day moving average at $286.53 and is currently trading at $299. Should the pattern confirm, XMR could aim for a target of $394, representing a 31% increase from its current price.
Monero (XMR) Forms Potential Bullish Reversal Pattern
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