Monero Price Rebounds at Channel Support: Is XMR Headed Back Toward $500?

BitcoincomNews

2026-02-04 07:30:08

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Story Highlights* Monero price jumps over 3% today as XMR holds the lower edge of a rising channel, signaling early stabilization.

Open Interest climbs over 4%, indicating fresh positioning and rising short-covering cues.
A sustained move above the $400 level could shift momentum toward the $480-500 resistance zone.

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