Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. XMR formed a descending channel pattern. Investors were strongly bearish on XMR as Open Interest (OI) fluctuated. Monero’s [XMR] press time plunge was likely because of an increasing divergence in key technical indicators. XMR
![Monero [XMR]: Can bulls defend $163 support level as bears take over](https://images.cryptocompare.com/news/default/ambcrypto.png "Monero [XMR]: Can bulls defend $163 support level as bears take over")
