Technical Analysis : Monero Breaks Out



XMR/USD, 4-Hour Chart Analysis

Monero broke out form the dominant consolidation pattern today in late trading as we expected, after showing clear signs of strength yesterday. We still expect the rally to reach the next target at $400, as the coin is among the leaders of the recovery, with a strong long-term technical setup. Support is now at $335 and $300 while above $400 the all-time high is ahead near $440.

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