Monero Breaks Resistance at $422, Signaling Potential Long-Term Support

Monero (XMR) is experiencing a significant surge in price, exceeding the $422 resistance level and testing key support. This rally comes after weeks of profit rotations within the crypto market, driving short liquidations and boosting investor interest in privacy-focused coins. Analysts suggest this break could shift Monero’s long-term trajectory. The recent gains follow Zcash profit shifts, contributing to a surge in short selling and accelerating upward momentum for Monero.