Monero’s recovery gathers pace as XMR Open Interest climbs to $261M

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Monero surged 10% in 24 hours, standing out as one of the few gainers in a broadly bearish market. Trading volume nearly doubled to $147 million, while Open Interest climbed 11% to $261 million. Spot volume jumped 171% to $13.13 million and Futures volume increased 70% to $200 million. Long positioning represents approximately 63% of tracked positions, suggesting bullish expectations among traders. The support zone stands between $475 and $500, with a potential target at $650 if bullish momentum continues.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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