Monero (XMR) has crossed the $400 threshold, trading around $404 according to CoinGecko, representing a 13% weekly increase. Its market capitalization has exceeded $7.5 billion, making it the 16th-largest cryptocurrency after overtaking Cardano (ADA). Several analysts are optimistic, anticipating further gains, with some projecting targets at $600 or even $1,000. However, bearish signals are emerging: the RSI indicator stands at around 77, indicating overbought territory, and exchange flows show that inflows to centralized platforms outweigh outflows, suggesting immediate selling pressure.
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