Monero Faces Resistance at $420 Amid Privacy Coin Surge

The price of #XMRUSD has reached the historical resistance level at $420, but was unable to break through, resulting in a decline to $380, bypassing the $190 level. The signals indicate a potential for growth, but it is uncertain whether both resistances can be pierced immediately, as any pullback after a rise might lead to a double top formation or a head and shoulders pattern. Monero developers have long been working on improving scalability and privacy, including implementing RingCT and Bulletproofs++, with an upcoming update expected to further enhance its private features. Amid increasing regulatory pressure and the global demand for digital privacy, interest in privacy coins has surged. Monero remains among the few assets that inherently conceal senders, receivers, and transaction amounts. Rumors are circulating about a possible re-listing on Coinbase. Wishing profits to all friends!