Monero (XMR) has seen a surge of over 11.30% in the last 24 hours, trading at around $363 with a market cap of $6.69 billion.
XMR's daily trading volume has spiked by over 41.60%, indicating increased market activity and potential bullish momentum.
Technical indicators suggest a potential shift in momentum for Monero, with the MACD line approaching a bullish crossover and the CMF indicator showing strong buying pressure.
Monero's price action could continue upward momentum towards testing resistance at $360 range, but may face bearish pressure leading to a deep correction phase if it slips below $358.