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Monero (XMR) Price Analysis – January 10

On the 4- hour chart, the price of Monero is in a bearish trend. From the chart, the bears broke the 12-day EMA and the 26-day EMA to the low of $47 price level. It is likely the crypto’s price will revisit the previous lows. Meanwhile, the stochastic bands are approaching the oversold region below the 20% range.