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.
17 Likes
Reward
17
5
Repost
Share
Comment
0/400
ForkMonger
· 4h ago
xmr mooning while the rest of the market sleeps... classic privacy coin move tbh. but let's be real, this "price discovery" narrative gets old fast. everyone's just copying the same ta playbook, no actual protocol innovation underneath lol
Reply0
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.