Monero (XMR) is currently testing key support near $160. Daily chart shows it consolidating after recent decline, with volume decreasing significantly. The 200-day MA around $158 remains critical support—a break below could trigger further downside toward $150.
RSI sits near 42, indicating neutral momentum with slight bearish bias. MACD lines remain below zero but show potential convergence, suggesting selling pressure may be easing. Resistance levels await at $170 and $185.
Privacy coin sector faces ongoing regulatory headwinds, impacting XMR's medium-term outlook. Trading volume remains below average, indicating lack of strong directional conviction. Key remains holding $158 support; break below would signal renewed bearish momentum.
RSI sits near 42, indicating neutral momentum with slight bearish bias. MACD lines remain below zero but show potential convergence, suggesting selling pressure may be easing. Resistance levels await at $170 and $185.
Privacy coin sector faces ongoing regulatory headwinds, impacting XMR's medium-term outlook. Trading volume remains below average, indicating lack of strong directional conviction. Key remains holding $158 support; break below would signal renewed bearish momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.