#密码资产动态追踪 From the recent trend, after the surge on January 12th, both the highs and lows have been continuously moving upward. This is a typical sign of a bullish trend progressing in an orderly manner, not a fleeting rally that disappears after a quick push.

The moving averages are also cooperating well. The price is basically climbing along the middle band, and importantly, the middle band itself is still trending upward. This indicates that there is real capital behind the moves, operating in rhythm, not just driven by sentiment.

The Bollinger Bands reveal more clues. There was a quick surge earlier, almost touching the 690 level, but it ultimately couldn't hold and quickly retreated. This pattern looks more like the main force rotating positions at high levels rather than a direct top signal. Currently, the price is oscillating between the middle and upper bands, which is a natural digestion after an upward move.

The middle band is around 650, which has become the lifeline for the short-term bulls. As long as this level holds, the overall structure remains alive.

Volume also supports this. During the rally, volume clearly increased, while during sideways consolidation, volume shrank sharply. No sustained high volume at the top, which, according to conventional strategies, usually indicates that the move isn't about to collapse outright. Instead, it seems to be making room for future actions.

The MACD is in a somewhat neutral to bullish state. It stays above the zero line, with the red histogram bars not very large, and no death cross yet. This suggests that the trend still has vitality, just that the momentum needs some repair—it's not truly weakening.

The likely future remains a consolidation phase. The price may fluctuate repeatedly between 660 and 680. If it can hold the middle band when pulling back, there will be a chance to test the previous high again.

Only one situation warrants particular caution: if the middle band is effectively broken downward with increased volume, then the short-term structure would truly weaken.

Currently, this phase is essentially a consolidation within the bullish trend. It’s not the best position to chase, and it’s better to patiently wait for a retest opportunity, which would be much more comfortable.

$XMR