XMR Price Approaches Yearly High, Bullish Signals Suggest $500 Breakout

icon币界网
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Monero (XMR) is showing a bullish trend, trading above $477 on Monday after hitting a weekly high. On-chain and derivatives data highlight strong buying momentum, with technical indicators pointing to a potential breakout above $500. Santiment’s social dominance metric reflects rising interest, while XMR futures open interest climbed to $95.42 million. The price rose 1.41%, its highest since late November, with RSI and MACD supporting the upward move. A key resistance level at $531.73 could be next.
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.