Monero (XMR), as one of the representatives in the privacy coin sector, was delisted from several exchanges due to compliance issues but has recently reached a new all-time high. This contrast reflects the ongoing market recognition of the demand for privacy assets.

From a technical perspective, the market performance is quite aggressive. On the 1-hour and 24-hour charts, moving averages have formed a bullish alignment, with short-term momentum clearly visible. The 24-hour trading volume surged by 230%, breaking through the 340 million level. Such a volume breakout often indicates a new round of capital influx. The privacy coin sector is notably active in terms of capital, and XMR, as the leading asset, naturally becomes the focus.

From a trading standpoint, the current key support level is at 540. If the price retraces to the 560-570 range, it presents a good opportunity for a low buy-in. After a successful breakout, the first target can be set at 600, with further resistance around 630. Set stop-loss orders below 540 and strictly adhere to risk management.