Monero briefly touched the $400 psychological level on August 9 before pulling back 5.6% to trade at $390. A whale on the decentralized exchange Hyperliquid opened a $36 million 4x leveraged long position on XMR, targeting $475 to $516 as take-profit levels. Open Interest increased by 14% in 24 hours. Since its June 30 low of $300.6, the privacy token has rebounded 29.87%. Technically, the weekly structure remains bullish while the daily timeframe favors sellers, with a breakout above $437 needed to establish a new uptrend.
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