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Monero [XMR] traders looking for spread betting tips can go...
The altcoin had a solid bull run from its latest local low and had already started showing signs of weakness at press time.Its recent top represents a 54% gain from $96.50, its lowest price in 2022 which it achieved on 18 June.
The coin is still not overbought despite the latest upside. This means there might still be some wiggle room for the bulls before it enters into the Relative Strength Index’s overbought zone.Taunting the bear Although this volume increase and solid price performance paint a healthy picture for Monero, the supply held by whales demonstrated an unfavorable outlook.Additionally, the supply held by whales improved by a small margin despite the strong uptick.
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