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EN
Monero briefly touches $400 as Hyperliquid whale opens $36M leveraged long
['Akashnath S', 'Written By', 'Reviewed By', 'Benjamin Njiri', 'Gladys Makena', 'Muriuki Lazaro', 'Ishika Kumari', 'Kelvin Murithi']
AMBCrypto
Monero [XMR] saw a 14% increase in Open Interest in the past 24 hours, and the altcoin prices briefly surmounted the $400 psychological level on Sunday, August 9.
Bitcoin [BTC] faced rejection at $65.3k, the 78.6% Fibonacci retracement level based on its 4-hour swing structure.
The higher timeframe bias for MoneroOn the weekly timeframe, XMR has a bullish swing structure.
The latest impulse move, from $230 to $800, is what the current weekly structure hinges on.
The MFI signaled bullish momentum.