Monero jumps 16.49% to $582.60, nearing yearly high
- —XMR rose 16.49% to $582.60 in 24 hours, with a low of $492.22
- —Trading volume of $175.4 million is 39.33% above the 30-day average
- —RSI at 71 and stochastic at 100 indicate overbought conditions
- —Hackers demand 6,000 XMR (~$3 million) from Revolut; the company did not pay
Why it matters: The rally in the privacy coin is fueled by the privacy narrative, but technically overbought conditions threaten a correction.
Source: DiarioBitcoin