Monero jumps 9% to $573 on short squeeze and XMR ransom narrative
- —XMR gained 9% to $573.42 with $255.7M volume, 98.48% above the 30-day average
- —Intraday high of $631.12 faded; price closed below the $582.19 VWAP
- —RSI at 63.9 and Bollinger %B at 100.3 signal momentum but short-term overbought conditions
- —Resistance at $580–600, support at $553 and $535; up 34% in 30 days and 78% in 90 days
Why it matters: XMR trades above all key SMAs, but overbought daily readings raise the risk of a pullback to $553–535.
Source: DiarioBitcoin