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Monero (XMR) has recently shown strong performance, with trading pairs against USD stablecoins experiencing extraordinary activity. As of the latest quote, XMR is around 578.04 USDT, approximately 4028.94 RMB, with a single-day increase of over 18%. During this rally, the price reached a high of 599.89 USDT and dipped to a low of 488.40 USDT. The 24-hour trading volume reached 430 million USDT, and the total volume exceeded 770,000 XMR — these figures clearly indicate high market activity.
From the monthly chart, XMR has broken free from previous oscillations and entered a steep upward channel. The 7-day and 20-day exponential moving averages (EMA) form a beautiful bullish alignment, with technical signals especially clear — the DIF line in the MACD histogram has crossed above the DEA line, and the entire MACD remains in positive territory. Coupled with expanding trading volume, this suggests strong buying momentum. More notably, investor interest and confidence in this privacy-oriented cryptocurrency are gradually increasing, and market sentiment is clearly turning optimistic.