📈 Current Price & Context
$XMR is trading around ~$690–$710 USDT on major markets with high recent volatility, following a strong rally earlier in the month.
The pair has appreciated strongly over the past week/month (~50%+ weekly gains).
🧠 Technical Indicators (Short-Term)
Overall technical signal is bullish (“Strong Buy”) across several platforms with most moving averages and oscillators in buy territory.
RSI is neutral to slightly overbought, hinting at continued momentum but reduced short-term upside pressure.
Some platforms show a mild sell/neutral bias on certain shorter timeframes, underscoring mixed short-term momentum.
🧨 Market Sentiment & News
$XMR recently hit a new all-time high near ~$798, fueled by growing demand for privacy coins amid tighter global regulations.
Monero has been the top gainer among top 50 cryptos this week, but price has pulled back from peak levels.
📊 Support & Resistance
Key Levels to Watch:
Support: ~$660–$680 (recent consolidation zone)
Immediate resistance: ~$750–$800 (recent ATH area)
🔮 Short-Term Outlook
Bullish momentum remains intact, but overbought signals and profit-taking near ATH zones could slow upside.
Break above $750–800 with strong volume may reopen higher targets; a drop below $660 could signal deeper consolidation.
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