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XMR/USD Technical Outlook
Monero is showing clear rejection signals at the upper boundary of its trading range. The price action here tells a story—strong resistance at these levels, which typically precedes a pullback. Based on this pattern, the logical move would be a decline toward the range's lower support level over the coming weeks.
The rejection we're seeing isn't accidental. When price hits that ceiling and reverses sharply, it's usually a matter of time before it explores the floor. Range-bound trading thrives on these bounces between extremes, and Monero appears primed for the downside leg.