Trader shares XMR holdings: 55% increase in a week, is the technical outlook too overheated?

【Crypto World】A senior trader recently shared his Monero(XMR) holdings on social media and also offered some technical insights. This guy said the chart looks quite comfortable and seems somewhat bullish.

Indeed, Monero has performed well over the past week—rising by 55.65%. However, this guy’s comment is interesting; he said his profits are his own secret, so don’t tell the skeptics, and he’s quietly celebrating( with a smile).

The current market situation is as follows: XMR is trading at $711.49, but the RSI has already reached 86, which is a bit high. Everyone knows that when RSI spikes to this level, the probability of a short-term correction begins to increase. In terms of market capitalization, Monero is currently ranked 11th, still holding a certain influence in the cryptocurrency market.

While the gains are satisfying, with such a heated technical outlook, friends holding positions should stay extra cautious.