Trending Privacy Coins XMR, VVV, and PHA on the Run: Can They Keep Pumping?

Contrary to the broader bullish sentiment, Doctor Profit cautioned that XMR may face a sharp downturn. While many leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), remain in red territory on a weekly basis, the privacy coins Monero (XMR), Venice Token (VVV), and PHALA (PHA) have posted substantial increases. Here’s what could trigger further rallies and their next potential targets. XMR’s Potential The asset’s price recently soared above $620 before retracing to the current $598. Ali Martinez was among the many analysts commenting on XMR after its pump, saying it appears to be pressing against the ascending triangle resistance on the hourly chart. He believes that an hourly close above $602 would confirm the breakout and set the stage for a jump toward $630. FOUR | Crypto Spaces noted that XMR “went from boring sideways action to a proper breakout attempt.” The X user argued that the trendline that kept pushing the valuation down has finally broken, and buyers’ next challenge is to hold above the breakout zone around $540. If they defend it, this could open the door to a move up to $675, they predicted. Crypto Rover and veteran trader Peter Brandt...