[IMPORTANT] Monero's 35% Surge Risks Long Squeeze Amid Overbought Momentum and Sentiment Peak

Monero (XMR) has climbed over 35% recently, reaching a new high near $598 before sellers pushed it down slightly. While capital flows and sentiment remain positive, warning signs like weakening money flow, an overbought RSI, and crowded long derivative positions suggest potential vulnerability to a downward correction. Key support levels between $554 and $411 pose critical risk points for a long squeeze if breached.