Monero has pulled back to the 20-day EMA, which should act as a strong support. If the bulls secure a rebound from the moving average, a rally to $140 is probable.
The XMR/USD pair is currently stuck inside the symmetrical triangle. A breakout of the triangle and $150 might start a new uptrend. Therefore, traders can keep the stops on their long positions at $100.
If the 20-day SMA and the 50-day SMA fail to provide support, a retest of the $81 level could be possible.
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