[Coin World] XMR surged to $440 over the weekend but couldn't hold above, and was directly dumped when the market collapsed. However, looking at a longer timeframe, this coin still rose by 15.8% in November, which is quite impressive among Privacy Coins.
From the weekly chart, the bullish pattern is still in place, and the technical analysts' next target is around $518. However, the short-term data is quite interesting—the liquidation heat map and indicators suggest that the 350-360 dollar range may need to be retested. If it really drops to that level, I think it would be an opportunity to scoop up some bargains, after all, the main upward trend hasn't been broken. Of course, how deep this adjustment can go still depends on the market's performance.
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SerNgmi
· 14h ago
Can't even hold $440, and you're thinking about $518? Better focus on defending $350 first.
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ProbablyNothing
· 14h ago
440 was directly smashed through, the market's temperament is really amazing
Waiting for 350 to bottom out, after all, the main rise hasn't been broken
What I fear most about this wave is that the market will have another big dump, and xmr will plummet along with it
Among Privacy Coins, xmr can still hold up, just see if it can withstand in the future
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bridge_anxiety
· 14h ago
It’s really frustrating that $440 couldn’t hold, but I was planning to get in at the $350 level.
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MetaverseLandlord
· 14h ago
440 USD didn't hold above and then pumped down, a typical large market blame scene
Really, waiting for a wave at 350, I'll just stock up like crazy.
XMR surged over the weekend and then fell back. Could $350 be a buy low opportunity?
[Coin World] XMR surged to $440 over the weekend but couldn't hold above, and was directly dumped when the market collapsed. However, looking at a longer timeframe, this coin still rose by 15.8% in November, which is quite impressive among Privacy Coins.
From the weekly chart, the bullish pattern is still in place, and the technical analysts' next target is around $518. However, the short-term data is quite interesting—the liquidation heat map and indicators suggest that the 350-360 dollar range may need to be retested. If it really drops to that level, I think it would be an opportunity to scoop up some bargains, after all, the main upward trend hasn't been broken. Of course, how deep this adjustment can go still depends on the market's performance.