Cryptocurrency Market Mixed on January 24, Bitcoin Drops to $89,357.32

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 24 2026

XMR+3.5900002%

XDC+1.52%

WLFI+12.399%

Should l Buy XMR?

Bitcoin Price Decline: As of 10:00 AM KST, Bitcoin (BTC) fell 0.19% to $89,357.32, reflecting cautious sentiment towards major digital assets, which may impact investor confidence.
Ethereum and XRP Weakness: Ethereum (ETH) and XRP dropped 0.17% and 0.10% to $2,949.33 and $1.91 respectively, indicating weakened demand for these leading cryptocurrencies, potentially leading to short-term capital outflows.
Kaia Surges, XDC Plummets: Among the top 100 cryptocurrencies, Kaia (KAIA) recorded the largest 24-hour gain of 38.04%, while XDC Network (XDC) posted a steep decline of 7.08%, highlighting increased market volatility and the need for cautious investment choices.
New Cryptocurrencies Listed: Several new cryptocurrencies, including Kabuto King (KABUTO) and WAR (WAR), were listed on CoinMarketCap in the past 24 hours, which may attract some investors, but the overall market still faces uncertainty.

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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	34.024	155.152	258.344	379.472	482.664	603.792	706.984
Fibonacci	155.152	240.842	293.782	379.472	465.162	518.102	603.792

About XMR

Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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