Monero (XMR) increased by 4.2% within 24 hours, with a weekly gain of 11%, possibly benefiting from the inflow of funds after the sharp decline of ZCash (ZEC). Technical analysis shows that XMR has turned the $420 resistance level into support. It is currently facing temporary resistance around $480, but its upward momentum remains strong, with RSI and OBV indicators both supporting further gains. The target prices are $517 and $577, respectively, and the $460-470 region on the 4-hour chart is expected to serve as support.
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Monero (XMR) increased by 4.2% within 24 hours, with a weekly gain of 11%, possibly benefiting from the inflow of funds after the sharp decline of ZCash (ZEC). Technical analysis shows that XMR has turned the $420 resistance level into support. It is currently facing temporary resistance around $480, but its upward momentum remains strong, with RSI and OBV indicators both supporting further gains. The target prices are $517 and $577, respectively, and the $460-470 region on the 4-hour chart is expected to serve as support.