🚀 Monero’s Price Set to Soar: Basing Pattern Breakout Alert! 🚀

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In case you’ve been living under a rock:

  • Monero’s weekly price chart has decided to throw a party and break out of its ‘basing pattern’ dungeon. Equilibrium? More like a snooze fest at bear market depths. 🐻
  • The breakout is now staring down resistance at $287 like it’s a chocolate cake it’s not supposed to eat. 🍰

In a move that would make any privacy enthusiast’s heart flutter, monero (XMR) has finally said ‘enough is enough’ to its prolonged ‘basing pattern’ and is now ready to make some serious noise. 🎉

For over two years, monero was stuck in a bit of a rut, consolidating its price between $100 to $200 like a teenager choosing between video games and sleep. But no more! The demand-supply equilibrium has been shaken like a snow globe. 🌨️

Prices have now mustered the courage to jump above $200, which means the floating supply at bear market lows has been gobbled up like the last slice of pizza. And as the Wyckoff analysis fans would say, the path of least resistance is upwards—because who likes going down? The next big hurdle is at $287, a resistance level last seen in April 2022. Cross it, and we’re in business. Fail, and it’s back to the sideways channel of boredom. 📈

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2025-01-22 10:38