Monero (XMR) has surged past $445, driven by increasing interest in privacy coins and a stabilizing Bitcoin chart. The rise in shielded transactions and heightened activity in Zcash indicate a growing demand for privacy-focused cryptocurrencies. Additionally, the EU's Digital Services Act and a neutral fear and greed index contribute to the positive market sentiment.
XMR has broken key Fibonacci levels and is currently trading above the 50-day EMA. The next resistance level is identified at $465, while $429 serves as critical support, suggesting potential for further price movements in the near term.
Monero (XMR) Surges Above $445 Amid Growing Privacy Coin Demand
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