The post XMR Price Breaks Key Levels, Traders Eye $367 Next! appeared first on Coinpedia Fintech News
Monero is back in the spotlight after a swift rally that has caught the eye of both crypto traders and privacy advocates. The current XMR price stands at $336.63, up 9.36% in just 24 hours and gaining 5.89% over the week. With its market cap surging to $6.21 billion and daily trading volume reaching $208.28 million, this privacy-based token is signaling renewed interest driven by several important factors.
Monero Price Analysis
From a technical standpoint, XMR’s price has convincingly broken out above its 30-day SMA at $307.81. And also, the crucial Fibonacci 23.6% retracement level at $327.76. This breakout, accompanied by daily lows of $305.20 and highs touching $336.30, marks the beginning of a broader bullish trend. Traders interpreted the move above the $330 area as a bullish confirmation.
Even though momentum indicators like the MACD histogram remain negative (-1.
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