Monero (XMR) price is consolidating after a sharp drop, poised for a potential breakout toward $1,150 if it breaks above $800 convincingly. Capital flow indicators show mixed signals, with big money re-entering but weak dip buying and spot market inflows signaling caution. Additionally, a long-skewed derivatives market with $13.94 million in leveraged long positions near $620 support creates risk of a rapid long squeeze, threatening the bullish setup.

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