Monero defies crypto market slump with 10% XMR price rally — what's next?
Cointelegraph
Published Apr 10, 2022 05:05AM ET
Updated Apr 10, 2022 06:40AM ET
Privacy-focused cryptocurrency Monero (XMR) rallied by nearly 9.5% in the past week compared with the crypto market's decline of 8.5% in the same period. What's more, the XMR/USD pair has broken above a strong, multi-month resistance trendline, hinting at more upside ahead.
XMR's price was down by a modest 0.87% on April 10 from its two-month-high of $245 established a day before. However, the cryptocurrency still outperformed its top rivals, including Bitcoin (BTC) and Ether (ETH), on a weekly timeframe.
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Written By: Cointelegraph
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