Monero (XMR) Forms Fundamentally Important Pattern: Crypto Market Review, October 10

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$XMR is aiming at a reversal after forming this chart pattern, while $SHIB is in a tough spot on the crypto market

The new week on the cryptocurrency market did not start positively, as the majority of digital assets remain in the red zone. One of the main reasons behind it is an upcoming risk surge this week considering all the macroeconomic events that will happen quite soon.Today's market leader is Huobi Token, which rallied after Justin Sun joined the exchange as an adviser who will work on making the token a better product, finding more use cases and increasing its intrinsic value.

However, the lack of inflows, network activity and trading volume worked against the possible breakout, and the token swiftly reversed back below values we had been seeing for weeks now.

 

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