Monero Is Holding up Well but Stuck Below $68 Overhead Resistance – Coin Idol

June 6, 2020 By admin
Jun 06, 2020 at 11:28 // News

Monero is holding up well

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