How to read XMR?

How would one go about reading or interpreting the value and performance of XMR, also known as Monero? Are there specific metrics or tools that traders and investors use to assess the strength and potential of this particular cryptocurrency? Furthermore, how does one stay updated on the latest news and developments surrounding XMR in order to make informed decisions? Could you provide some insight into the most important factors to consider when evaluating the viability of investing in Monero?