Monero (XMR) has recently performed steadily, demonstrating a clear anti-dip characteristic in the context of a general correction of similar assets. The current price has established a strong support around 710, which happens to be at the final stage of main force accumulation.
From a technical perspective, once trading volume can effectively increase and stabilize above 720, a noticeable upward trend will begin. Based on the current technical structure and support strength, this breakout is expected to bring about approximately 20% upside potential.
For interested traders, it is advisable to gradually build long positions within the 705-712 range, with 685 set as a risk control line. The first target is around 750. If the breakout proceeds smoothly, further upward movement towards 795 is also highly probable. Such assets that repeatedly oscillate and accumulate strength at the bottom range often present good return opportunities for patient investors.
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Monero (XMR) has recently performed steadily, demonstrating a clear anti-dip characteristic in the context of a general correction of similar assets. The current price has established a strong support around 710, which happens to be at the final stage of main force accumulation.
From a technical perspective, once trading volume can effectively increase and stabilize above 720, a noticeable upward trend will begin. Based on the current technical structure and support strength, this breakout is expected to bring about approximately 20% upside potential.
For interested traders, it is advisable to gradually build long positions within the 705-712 range, with 685 set as a risk control line. The first target is around 750. If the breakout proceeds smoothly, further upward movement towards 795 is also highly probable. Such assets that repeatedly oscillate and accumulate strength at the bottom range often present good return opportunities for patient investors.