Monero (XMR) experienced a significant 14% price increase, fueled by a $1.87 million net inflow and a 74% positive sentiment from its community. Over the past week, the total inflow reached $4.68 million, highlighting growing investor interest.
Despite the surge, Monero's price is encountering resistance near the $394.25 descending line. The community market indicator remains above neutral, but a weak advance/decline indicator suggests that the cryptocurrency might face challenges in sustaining its upward momentum. If momentum falters, XMR could retest lower support levels.
Monero (XMR) Jumps 14% on $1.87M Inflow and Strong Community Support
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