Monero Faces Sustained Pressure, Trading Around $450 After Sharp Decline
- Significant Price Pullback: Monero (XMR) is currently trading between $447 and $450 after a steep multi-day decline, marking a substantial drop from earlier highs above $700 this month and confirming a clear bearish structure.
- Increased Volatility: Market volatility stands at 17.86%, classified as very high, reflecting aggressive price swings during the sell-off; however, the 14-day RSI near 47.5 indicates that the market is not yet deeply oversold.
- Technical Indicators Underperform: Monero is trading below its 50-day SMA at $472, which now acts as overhead resistance, while the 200-day SMA at $361 highlights how far the asset has retraced without reaching longer-term support zones.
- Bearish Market Sentiment: The Fear & Greed Index reads 25 (Extreme Fear), and while volume has thinned compared to earlier distribution phases, suggesting panic selling may be easing, there are still no clear signs of strong accumulation at current levels.
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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 4 technical signals, shows that 1 indicators are flashing buy, while 3 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 | 42.715 | 159.497 | 267.035 | 383.817 | 491.355 | 608.137 | 715.675 |
| Fibonacci | 159.497 | 245.188 | 298.127 | 383.817 | 469.508 | 522.447 | 608.137 |
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