Monero Extends 20% Weekly Rally as Analysts Eye $1,000 Target
- —XMR gained 20% on the week, its highest since January, just below $650
- —Analysts Sweep and Alaoui Capital flag $750 and $1,000 chart targets
- —Exchange inflows outpaced outflows over several days as RSI approached 70
- —Santiment puts October 20 open interest near $198 million, fifth-highest daily close in a year
Why it matters: The rally keeps the privacy-coin trade alive, but stretched indicators and rising exchange inflows raise the risk of a pullback.
Source: Crypto Economy