#XMR soars over 38% amid rising demand for privacy coins. 🔥
Monero has added $2B in market cap in less than 24 hours.
XMR broke out above an ascending triangle pattern on the daily chart — a bullish formation that had been consolidating for nearly eight years. 📈
What is XMR next price target? 👇
The RSI on the daily chart is at 70, suggesting increased trade activity.
If XMR maintains strong support at $286, it could rally toward its next target of $345.23 and $350. Small pullbacks are possible to hit the targeted price.
However, profit booking is near the $310 level.
