XMR breaks above $600 and then surges to $650! The king of privacy coins returns—opportunity or trap?

The biggest buzz in the crypto world lately has been XMR! After breaking a new all-time high above $600, it quickly reached $650, with a 24-hour surge of up to 27.5%, and market cap soared to $11.2 billion, firmly reclaiming the top spot in the privacy coin sector. This isn't a fake rally—it's a genuine revaluation of intrinsic value following a reshaping of the privacy coin landscape!

The core catalyst? The entire Zcash core team suddenly vanished, triggering a trust crisis, and capital directly 'migrated' to XMR. The data speaks volumes: after the ZEC announcement, exchange balances rose 7% within 24 hours (a sign of selling pressure), while XMR逆势吸金, market cap surpassed and widened the gap. With global regulation tightening, privacy demands are becoming more essential. XMR's mandatory anonymity feature perfectly addresses this pain point—this capital inflow is real.

Technically, it's also bullish: breaking out of an 8-year range, the $520–$550 zone has shifted from resistance to strong support, with a bullish alignment of moving averages. Futures open interest surged 80% in a week, and long-side sentiment is at peak levels. Even more critical is the upcoming FCMP++ technology upgrade, which will further enhance privacy protection, rendering blockchain analysis nearly ineffective—this is a long-term technical advantage.

But a warning: short-term FOMO sentiment has reached its peak, RSI is overbought, and a pullback risk is significant—don’t chase the top! Support lies in the $580–$600 range; a break below could see further support at $520. Also, regulation remains the biggest risk—G20 is closely monitoring privacy coins, and future policy moves will be crucial.

XMR's medium- to long-term trend remains solid, and its dominant position in the privacy sector is secure in the short term. However, the current overheating needs cooling. Holders should consider taking profits in stages to lock in gains, while those not yet in should wait for a pullback before considering entry.

Keep monitoring XMR. Are you stuck in a loss? Can you still get in? I'll share specific entry levels at 聊天室. Missing this wave will make you regret it deeply—#Strategy增持比特币 #美国CPI数据即将公布