Kraken to delist Monero for clients registered in Europe
Kraken Delists Monero: Kraken will cease trading and deposits for Monero (XMR) in the European Economic Area on October 31 due to regulatory changes, with a deadline for withdrawals set for December 31.
Regulatory Scrutiny on Privacy Coins: The delisting reflects increasing scrutiny on privacy coins like Monero amid new anti-money laundering regulations, prompting several exchanges to halt support for such assets.
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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 | 34.078 | 155.179 | 258.398 | 379.499 | 482.718 | 603.819 | 707.038 |
| Fibonacci | 155.179 | 240.869 | 293.809 | 379.499 | 465.189 | 518.129 | 603.819 |
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