The selling pressure for Monero (XMR) has re-emerged. If the RSI indicator unexpectedly retraces to the strong support zone of 494–480, and even further drops to the untested level of 475, a positive divergence trend is highly likely to form. Next, a gap may occur, with a potential correction down to the 450 area. Our key watch level is around 435. It is worth noting that unless the total cryptocurrency market cap experiences a significant decline simultaneously, these lower gap fill levels are actually difficult to break through.

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