Monero Price Rallies: Will it Clear Resistance at $272?

Monero’s price has shown signs of resilience following last week’s volatility triggered by concerns about network centralization. Currently trading around $256.44, the privacy-focused cryptocurrency is up 1.76% in the past 24 hours. However, it remains down 12.33% from its peak last week. Trading activity saw a notable decline, with the 24-hour volume falling by 25.65%, to $90.08 million. This drop could reflect market uncertainty among traders who are concerned about potential price fluctuations.