XMR/USDT Break Alert, Bullish Momentum ?? Moreno Analysis Today

💎 XMR has certainly caught our attention. After breaking out of the ascending triangle, XMR showcased a notable upward surge. However, it currently faces resistance at the supply zone, and given the candlestick patterns, there's a likelihood of XMR retracing back to the support level to gather momentum for another attempt at breaching the supply.

💎 Should XMR manage to break through the supply zone swiftly, we could witness a significant rally, propelling it towards the major resistance area.

💎 On the flip side, if XMR retraces to the supply and fails to find solid footing at the support, there's a risk of it dropping further. In such a scenario, XMR might revisit the robust demand zone once more.