Monero (XMR) continues to show strong momentum against the US dollar. The pair has entered a price discovery phase, with technical indicators painting a bullish picture. Long positions are finding solid footing as buyers remain in control. The uptrend displays genuine strength, suggesting sustained demand at current levels. Traders watching XMR/USD should note this consolidation phase could be setting up for the next leg higher.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
SandwichDetector
· 01-12 01:51
XMR this move is really intense, guys, did you hop on?
View OriginalReply0
RugpullTherapist
· 01-12 01:40
XMR this time really has some potential, but bro, I still need to see a break below before re-entering.
View OriginalReply0
ChainWallflower
· 01-12 01:34
XMR this wave definitely has some substance, but could it be that kind of false breakout again?
View OriginalReply0
OnchainDetective
· 01-12 01:34
According to on-chain data, the fund flow behind this surge of XMR is indeed intriguing... Through multiple wallet tracking, it was found that large transfers to exchanges are abnormal, a typical wash trading technique.
Monero (XMR) continues to show strong momentum against the US dollar. The pair has entered a price discovery phase, with technical indicators painting a bullish picture. Long positions are finding solid footing as buyers remain in control. The uptrend displays genuine strength, suggesting sustained demand at current levels. Traders watching XMR/USD should note this consolidation phase could be setting up for the next leg higher.