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