XMR registers 4-year high of $329 after ~40% surge

Monero (XMR/USD¹) bulls have successfully broken above the local resistance zone with a violent ~40% follow-up impulse move earlier today that pinged $329 for the first time since August 2021.

As I am writing this report, the reds are actively forcing the price under 275 in an attempt to block the close of a massive bullish engulfing monthly candle with only 48 hours left on the clock.

If the 240-250 support area holds, a fight for the pyshological 300 level is next. That is the final resistance before the 517 ATH.

This is an ongoing story and the report will be updated when new information is available.