Monero Could Jump to $225.00
Monero (XMR) has gained 1.4% to $190.70, outperforming the broader crypto market, where Bitcoin (BTC) is up by just 0.2% to $95,441. Earlier on Thursday, Bitcoin touched $100,000 but dropped 4.7%, while Monero retreated only 1.0%, showcasing resilience that may suggest the coin is undervalued.
In November and December, altcoins generally surged over 60%, yet Monero has lagged with a 48.0% increase, peaking at $232.40 on December 16. The altcoin has repeatedly attempted to breach the $225.00 resistance but has consistently pulled back to strong support at $175.00. This combination of perceived undervaluation and robust support makes Monero more resistant to negative market shocks.
Given this setup, another attempt to test the $225.00 resistance level appears plausible, provided broader market conditions remain supportive.
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