$XMR (XMR/USDT) is showing a sharp intraday bounce of +11.28%, trading near 637 USDT. The price remains in a larger downtrend from highs above 880, with current levels acting as a potential resistance zone. Volume appears subdued on the rally, suggesting the move may lack conviction. A break above 650 could signal short-term strength, while failure here may lead to a retest of support near 600-613.

Bearish overall: Price is still well below the recent high near 880, and the larger trend is clearly down.

Short-term bullish bounce: The +11.28% move today suggests a temporary relief rally, possibly into resistance.

Key level: If it breaks and holds above 650, the short-term bullish case strengthens. Until then, the bounce looks like a selling opportunity within a larger downtrend.

Verdict: Primarily bearish unless price reclaims 700+ with volume.

XMRUSDT

Perp

460.06

+1.88%

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