XMR has recently shown strong performance, leading the mainstream coins. During the repeated fluctuations in the high zone, each time it dips near 700, it is quickly pushed up, indicating that the supply above has been fully absorbed. The current quote is around 708.50, forming a classic bullish flag pattern, with a clear bullish signal.

From a technical perspective, this round of high-level oscillation is not a sign of weakness but rather a buildup of strength for a larger breakthrough.

Trading strategy reference:
Entry range 706-712
Stop loss set at 685
First target 755
Second target 810

In the short term, the probability of breaking through 750 is higher, but attention should be paid to the impact of market volatility. Holding the psychological level of 700 is key to whether the bulls can continue.