XMR hits 110-day high wiping all 2022 losses
Monero (XMR/USDT) has achieved a new 110-day high today after touching 253, essentially wiping all 2022 losses.
Provided the current uptrend continues, it is bound to return XMR back to the 260-300 zone soon, which was heavily traded back in October-November of last year.
If nothing else, today’s Monerun1 event can be considered a success, at least in terms of price action.
The bulls are currently trying to establish a stable support above 250. Read the most recent TA report2 to learn more about last week’s action and potential scenarios for next week.