Binance to convert Monero, Bitcoin Gold to USDC, delist Loom Network
Token Conversion and Delisting: Binance will convert 15 tokens, including Monero and Bitcoin Gold, into USDC stablecoin based on user holdings, while also delisting six tokens starting Aug. 26 due to various factors like trading volume and regulatory compliance.
Market Impact: Following the announcements, affected tokens experienced significant price drops, with LOOM declining over 12% and VGX losing more than 25%, reflecting market reactions to Binance's strategic adjustments.
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Technical Analysis for XMR
Technical Sentiment Analysis for Monero (XMR) As of , Monero (XMR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XMR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XMR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Monero (XMR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 33.373 | 154.827 | 257.693 | 379.147 | 482.013 | 603.467 | 706.333 |
| Fibonacci | 154.827 | 240.517 | 293.456 | 379.147 | 464.837 | 517.776 | 603.467 |
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