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"Privacy Coin Price Reversal Depends on High-Stakes Chart Patterns"

Source: CoinWorld
The bullish Gatley pattern formed on the daily chart of Monero (XMR), heralding potential upward momentum and showing signs of a bullish reversal. Supported by weaker selling pressure and lower bearish indicators, the XMR price is approaching the reversal area of โ€‹โ€‹this pattern. If confirmed, the initial target price for XMR could be $180 and could rise to $250 in the coming weeks. Analysts warn that wider market volatility and external factors may affect the reliability of the pattern.
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