XMR this wave of market movement is indeed fierce, with consecutive two days of hundred-point level gains, over a hundred on the 12th, and still pushing higher on the 13th. This rhythm is now the real opportunity for the bears.

From a technical perspective, the 695 level is a good entry point for a short position, but don’t expect a super crash. According to the previous analysis framework, a drop to around 630 would be considered a decent correction. At this stage, it’s not really suitable to hold a heavy position; short-term swings are the way to go — bullish positions are relatively safer, as market sentiment is still supporting the price upward.

Interestingly, the privacy coin sector has been rotating very quickly recently. ZEC led a wave earlier, and now XMR has taken over. Who will be the next privacy coin concept stock? This kind of rotation phenomenon is quite common in a bull market and is worth continued observation.