Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Monero , the leading privacy-focused cryptocurrency, is rising toward a critical level that has repeatedly marked bull failure for over two years.
The cryptocurrency's struggle to maintain bullish momentum beyond $180 suggests traders have been offloading their holdings when it nears that level. With XMR now changing hands near $175, traders should closely watch for a repeat of a bearish reversal lower or a potential breakout.
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