Monero Wave Analysis – 29 April 2025

Monero: ⬆️ Buy

– Monero broke resistance area

– Likely to rise to resistance level 300.00

Monero cryptocurrency recently broke the resistance area between the resistance level 240.40 (former multi month high from the start of this year) and the resistance trendline of the weekly up channel from the middle of 2024.

The breakout of this resistance area accelerated the active short-term impulse wave 5, which belongs to wave (3) from the start of 2024.

Given the clear weekly uptrend, Monero can be expected to rise toward the next round resistance level 300.00.

Source: https://fxpro.news