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Monero defies crypto market slump with 10% XMR price rally — what’s next? -Breaking

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Monero defies crypto market slump with 10% XMR price rally — what’s next?

Privacy-focused cryptocurrency Monero (XMRWith the cryptocurrency market losing 8.5% during the same period, the ) has rallied nearly 9.5%. The price of the pair is now above its multi-monthly resistance trendline. This suggests that there may be more upside.

XMR prices fell by a mere 0.87% from their two-month high of $245 on April 10. However, the cryptocurrency performed better than its main rivals (BTCEther (ETH(), within a week.

Since February, XMR has been the market capital. Source: CoinMarketCap
Weekly price chart for XMR/USD with a bull flag breakout TradingView
XMR/USD Daily Price Chart with Cup-and-Handle Pattern Source: Don Yakka/TradingView