Monero 'falling wedge' breakout positions XMR price for 75% rally
The bullish setup emerges as Monero gears up to undergo a major hard fork in July 2022. Monero (XMR) price dropped by nearly 10% three days after establishing a week-to-date high around $290 on April 24. Nonetheless, several technical indicators suggest that the XMR/USD pair is poised to resume its uptrend over the next few months.Falling wedge breakout underwayNotably, XMR's price broke out of its "falling wedge" structure in late March. It continued its move upside in the later daily sessions, with rising volumes indicating bullish sentiment among Monero traders.Traditional analysts....
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