Monero (XMR) Price Beats Gravity While One Metric Falls To It — Is $880 Still On?
Monero's price is surging near all-time highs, but cooling sentiment and flat Chaikin Money Flow suggest caution before a potential move to $880.Summary
Monero (XMR) has experienced a powerful rally, up nearly 56% in the past week and 120% over three months, currently trading just below its all-time high near $721. However, internal metrics present a mixed picture. The Chaikin Money Flow (CMF), which tracks large capital movement, is flatlining below 0.38, indicating that big money is pausing or waiting for confirmation rather than aggressively chasing the rally. Simultaneously, Monero's positive sentiment score has dropped sharply by about 72%, signaling fading excitement among market participants, although it has not yet reached critical low levels seen before past corrections. Spot exchange data also shows an 87% drop in XMR moving off exchanges, suggesting buying demand has slowed. The path forward hinges on key levels: a sustained break above $721, coupled with rising CMF and renewed spot outflows, could target $880. Conversely, if CMF rolls over and sentiment drops below 14, the price risks falling toward the $590 support level.
(Source：BeInCrypto)