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Monero (XMR) Bulls Dominate as Price Hits $408 – Is a Pullback Coming?

  • Monero (XMR) is trading at $408.83, showing strong bullish momentum and increased investor demand.
  • Technical indicators suggest caution due to overbought market conditions, with price forecasts for 2025 varying widely.
  • Industry analysts note Monero's bullish trend and price discovery mode above $400, but there are signals of overextension in momentum indicators.
  • Trading strategies advise caution, with major support at $398 and resistance around $410, while 2025 price forecasts range from bullish to conservative due to market volatility.

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