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XMR/USD has recovered sharply more than 10% following foot steps of Bitcoin. Bitcoin jumped more than 25% in past 24 hours. BTCUSD hits 2-1/2 month high at 7788 and is currently trading around 6892.
Monero hits intraday high of $124.99 and shown minor decline from that level. It is currently trading around $110.20.
The near term resistance is around $128.60 and any break above targets $142/ $151.95.
On the lower side, near term support is around $100 and any close below targets $96/$76.
It is good to buy on dips around $107-108 with SL around $96 for the TP of $128/142.
