Monero rally rejected below $400 after surge to $426, bears regain control

On Thursday, 11 June, Monero (XMR) jumped 16.6% and traded up to $390 after adding 13.3% gains over the prior three days. On Friday it hit an intraday high of $426 before sliding to a $353 close, and it was trading near $347 at the time of writing. The move was tied to large XMR orders placed after a $120.2 million USDT deposit to a TRON address, with analysts flagging downside targets at $292 and $252 unless price can push beyond $437.