XMR has broken out from a long-term descending resistance line.
Daily technical indicators are bullish.
XMR/BTC is attempting to break out from ₿0.008.
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The Monero (XMR) price decreased sharply during the marketwide crash on Sept 2-4. However, its bullish formation is still intact, and technical indicators suggest that a reversal is brewing. XMR Long-Term Breakout In July, the XMR price broke out from a descending resistance line that had been in place since June 2018. The increase continued until Aug 21, when the price reached a high