Source Article Link: https://monero.observer/xmr-registers-2.5-year-high-218-after-31-percent-surge/

Monero (XMR/USD¹) bulls have managed to essentially wipe all bear progress since May 2022 with an impressive under 9-hour ~31% surge yesterday from $166 to ~$218.

As I am writing this report, the reds are trying to force the price back under the 200 psychological level.

Provided bulls manage to reinforce the 175-185 support zone, we could see another attempt to break the local top. This could leave the next resistance around 250 exposed to a follow-up impulse move in the near future.

This is an ongoing story and the report will be updated when new information is available.

License: CC BY 4.0, no changes were made to the article.