Monero prices over the last seven days was filled with a lot of ups and downs. One of the key levels many watched closely during this period was the $140 support. Since the start of the current week, we observed two attempts at this mark.
The first was on Monday when the asset dipped as low as $141. The downtrend halted at this level as XMR closed with losses of almost 3%. We saw another try at the barrier during the previous intraday session.
Like the previous times, it failed to break the support. It is safe to say that there are notable amounts of demand concentration at this level. Something else happened after the failed attempt yesterday.
Monero Sees First Green Following Reds
Since last week Friday, XMR saw minimal trading volume that ended with daily losses or no price changes at all. After defending the highlighted mark, the bulls managed a small rally. In response, the coin saw its first green.
We are also seeing another green candle. Could this be the start of another bullish round? One thing we know is that the entire crypto market is experiencing the most recent improvement.
Monero is no different and may continue to surge based on the sentiment across the industry.
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Source: https://coinfomania.com/monero-price-analysis-xmr-sees-critical-push-at-140-another-bullish-round/