Monero's 'Basing Pattern' Breakout Points to Price Gains Ahead

2025-1-22 10:31

Privacy-focused digital assets might make some noise soon as their leader, monero (XMR), has broken out of a prolonged "basing pattern," signaling a bullish shift in momentum.

For over two years, monero was locked in a basing pattern or low-volatility price consolidation between $100 to $200, marking a demand-supply equilibrium following the crash from the 2021 highs above $500.

Prices now appear to have established a foothold above $200, which means the floating supply at bear market lows has been absorbed, and the path of least resistance is upwards, as followers of the Wyckoff analysis method would describe it. The next significant resistance level is at $287, the lower high reached in April 2022. A move back into the sideways channel would invalidate the bullish outlook.

origin »

Monero (XMR) на Currencies.ru

$ 237.22 (-0.17%)
Объем 24H $65.247m
Изменеия 24h: -0.60 %, 7d: 6.28 %
Cегодня L: $232.05 - H: $238.75
Капитализация $4.376b Rank 28
Цена в час новости $ 215.74 (9.96%)

monero confirming 200 bullish shift trend market

monero confirming → Результатов: 5


Monero Successfully Completes First ‘Bulletproofs’ Audit, Mainnet Integration Coming Later This Year

After announcing in December 2017 its intention to incorporate the ‘bulletproofs’ mechanism into its transaction protocol, Monero (XMR) has completed a first independent audit confirming bulletproofs’ successful integration onto the platform’s testnet, barring a couple of miner security issues.

2018-7-17 02:01