{"id":521206,"date":"2023-02-27T21:00:10","date_gmt":"2023-02-27T21:00:10","guid":{"rendered":"https:\/\/wncen.com\/?p=521206"},"modified":"2023-02-27T20:03:36","modified_gmt":"2023-02-27T20:03:36","slug":"whats-next-for-monero-as-bulls-fail-to-clear-this-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/monero-xmr\/whats-next-for-monero-as-bulls-fail-to-clear-this-level\/","title":{"rendered":"What’s Next For Monero As Bulls Fail To Clear This Level?"},"content":{"rendered":"
The Monero price had risen considerably during the beginning of the year, but XMR could not hold onto that price momentum. In recent times, the XMR price has been correcting itself. Over the last week, Monero dipped by 8%. On the daily chart, XMR lost 0.4% of its value.<\/p>\n
Currently, the altcoin is consolidating under the immediate resistance mark. The technical outlook of Monero also sided with the bears as demand for the coin fell on its chart. Accumulation also declined as buying strength fell.<\/p>\n