Post
paodun
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In the past 24 hours, Monero's price has slightly rebounded. According to data, the XMR price has risen to approximately $577.21, with a 24-hour increase of 2.21% and a trading volume of $769,000.
Reports indicate that it has rebounded from a recent low of $477, benefiting from the recovery of the privacy coin market.
Hot news includes MEXC analysis pointing out that XMR has held the support at $556, with potential upward movement to $600.
Traders on social platforms are actively discussing its volatility, as several analysts share long position signals influenced by the overall sentiment of Bitcoin.
In addition, the weekly report highlights that XMR's price increased in the third week of January, with privacy technology upgrades becoming a focal point.
Overall market predictions indicate that it may test the $675 high point in the short term, but caution is advised for a pullback.
Recommended trading strategy: bullish in the short term, if the price remains above $570, consider entering long positions with leverage not exceeding 20X, stop-loss at $550, target $590-$610. Combine with technical indicators like RSI recovery and build positions in batches for risk aversion. In the long term, the Monero privacy narrative may drive growth, but monitor USDT dominance, and if it exceeds 4%, reduce positions. Risk management is a priority, for reference only, not investment advice.
$XMR
{future}(XMRUSDT)
Reports indicate that it has rebounded from a recent low of $477, benefiting from the recovery of the privacy coin market.
Hot news includes MEXC analysis pointing out that XMR has held the support at $556, with potential upward movement to $600.
Traders on social platforms are actively discussing its volatility, as several analysts share long position signals influenced by the overall sentiment of Bitcoin.
In addition, the weekly report highlights that XMR's price increased in the third week of January, with privacy technology upgrades becoming a focal point.
Overall market predictions indicate that it may test the $675 high point in the short term, but caution is advised for a pullback.
Recommended trading strategy: bullish in the short term, if the price remains above $570, consider entering long positions with leverage not exceeding 20X, stop-loss at $550, target $590-$610. Combine with technical indicators like RSI recovery and build positions in batches for risk aversion. In the long term, the Monero privacy narrative may drive growth, but monitor USDT dominance, and if it exceeds 4%, reduce positions. Risk management is a priority, for reference only, not investment advice.
$XMR
{future}(XMRUSDT)
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