Monero’s recovery gathers pace as XMR Open Interest climbs to $261M
Photo: AMBCrypto
Monero [XMR] stood out among the market’s few gainers, surging 10% over the previous 24 hours despite broader bearish pressure. AMBCrypto’s Monero price prediction also pointed to bullish signals. Trading Volume nearly doubled to $147 million, indicating increased market participation. Spot and Futures activity also climbed as traders returned to the privacy-focused cryptocurrency. Meanwhile, rising Open Interest and long-heavy positioning suggested growing appetite for leveraged exposure. The recovery had buyers behind it. Whether that demand could keep pace with leverage would help determine its staying power. Is Monero’s spot demand keeping pace?
Source: AMBCrypto
