Monero Is Holding up Well but Stuck Below $68 Overhead Resistance – Coin IdolJune 6, 2020
In recent times, Monero has been in a smooth uptrend. In its earlier stage of an uptrend, price was making a series of higher highs and higher lows.
The symbolic uptrend deviated after encountering a $68 overhead resistance. On June 2, buyers pushed price above $68 resistance but were unable to sustain the momentum.
The upward move was resisted at $70 high. There was an immediate bearish response as the coin dropped to $64 low and moved up again. This has been the market