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Monero rallies to $400 but risks pullback without strong buying pressure.

Technical Signals
10 Aug 2026
AMBCrypto
View Source
Neutral
Monero rallies to $400 but risks pullback without strong buying pressure.

Monero's price briefly surpassed $400, rising nearly 30% since late June, driven partly by a large whale's $36 million long position. Despite this, technical indicators and recent price action suggest the rally may be a pullback rather than a sustained uptrend. Without a breakout above $437 with strong buying volume, Monero could face another drop toward $300. Investors should watch for increased buying pressure to confirm a bullish trend continuation.

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