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Monero Price Forecast: XMR bulls aim for a rebound as retail demand increases
Monero (XMR) hovers above $500 at press time on Friday, with the 50-day Exponential Moving Average (EMA) providing dynamic support. An increase in XMR futures Open Interest and the long-side positional buildup suggest renewed demand among traders anticipating a rebound. Still, the technical outlook for Monero remains mixed near $500 as momentum indicators flash bearish bias. Monero is regaining retail strength as investors anticipate a rebound in the privacy coin narrative. CoinGlass data shows a 2.37% rise in XMR futures Open Interest (OI) to $217.69 million over the last 24 hours, reflecting fresh capital inflows ... (full story)
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