Monero (XMRThree days ago, the ) price fell by almost 10% after hitting a weekly high of approximately $290 on April 24. However, technical indicators indicate that the pair will continue its upward trend over the coming months.

Notably, XMR’s price broke out of its “falling wedge” structure in late March. The price continued to move up in the afternoon sessions. Rising volumes indicate bullish sentiment from Monero traders.