Monero [XMR] in the derivatives market could see its demand go up, only if…

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Monero [XMR] in the derivatives market could see its demand go up, only if...

XMR hiked 27%, rallying from $147 to $187 in January. A correction in February cleared part of the gains, and the token dropped to its December lows of $140 on 3 March.

As such, near-term bulls could target the 50% Fib level of $147.1 if they clear the 38.2% hurdle. Other key resistance levels that could act as bull targets are $148.7 , $151 , and $153.8 . Notably, the continuous building has boosted investors’ confidence in its native token, as shown by the weighted sentiment, which improved and flipped into positive territory.

 

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