Monero (XMR) Falls again from the crucial $180 supply zone – What next for bulls?

Monero (XMR) has seen some decent rallies in recent days. However, the coin has failed to surge past a crucial supply zone, falling sharply from there. So, what is next for this popular privacy token? Well, some analysis to follow below but first, here are some highlights:

  • Monero (XMR) has struggled to clear the crucial $180 supply zone and has fallen sharply every time
  • At press time, the privacy token was trading at around $168, down by about 6% in 24-hour intraday trading.
  • Bulls must transform $180 from a supply to a demand zone if XMR will rally further above $200.

Data Source: Tradingview 

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