Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Traders are watching Monero (XMR) as price action tightens. Currently at $318.02, the asset is showing downward momentum (-2.48%). Price action has carved out a classic Descending Triangle. The trend indicator is reading 26.6/100, suggesting moderate momentum. A potential breakout level is identified at $313.94, targeting $246.25 with support near $348.79 (R:R 1.94).
What is your outlook on XMR?