![Monero [XMR]: Can bulls defend $163 support level as bears take over](https://insights.cryptobasemarket.com/wp-content/uploads/2023/02/xmr-ben-261568.jpg)
Monero’s [XMR] press time plunge was likely because of an increasing divergence in key technical indicators. XMR dropped by over 6% in the past seven days, as per Coingecko’s data.
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