Monero Struggles In A Range Ahead Of $200 Rally, Will Price Breakout?

• XRM price breaks down into a ranging channel as price failed to break above resistance, holding price from trending higher. 
• XRM trades below 50 and 200-day Exponential Moving Average as the price struggles to regain bullish signs as the price continues ranging in a descending triangle. 
• The price of XRM needs to break out of the descending triangle with good volume to rally high to a region of $200. 

Monero (XRM) prices continue to struggle as they range in a channel in an attempt to rekindle their bullish movement against tether (USDT). Monero (XRM) and other crypto assets experienced a relief bounce in recent weeks, which saw the crypto market cap look good for cryptocurrencies across the industry, with many producing double-digit gains. Monero (XRM) showed some relief bounces but was quickly rejec