The cryptocurrency Monero is expected to rise further towards the next resistance level at 170.00.
– Monero breaks through the resistance area
– Probable rise to resistance level at 170.00
The cryptocurrency Monero recently broke through the resistance area located between the key resistance level at 158.65 (which stopped the previous short-term impulse wave i earlier this month as can be seen in the Monero daily chart below) and the 61.8% Fibonacci correction of the downward ABC correction 2 from the end of July. The breakout of this resistance area accelerated the active short-term impulse wave iii of the total impulse 3 of the intermediate impulse wave (3) from early July.
Considering the clear daily uptrend due to improving Monero sentiment seen across the cryptocurrency market today, the Monero cryptocurrency is expected to move further up towards the next resistance level at 170.00 (the level that stopped the previous waves B and 1).
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