Monero
Why Monero is down 1.1% in the last hour
Analysis
Monero (XMR) slipped 1.1% over the past hour as traders reacted to reports of short-term selling pressure tied to exchange delisting overhang, even as on-chain activity remains strong. CoinJournal specifically noted near-term selling pressure despite positive network signals, which can weigh on price in the short run.
Contributing Factors (3)
Monero use holds despite delistings as darknet markets shift to XMR
TRM Labs says Monero usage remains above pre-2022 levels as darknet markets shift toward XMR, while unusual node behavior may offer investigators network-level clues.
Monero defends $290 as whale adds 7K XMR – Breakout brewing above THIS?
Whale accumulation collides with heavy leverage as volatility tension builds.
Monero faces short-term selling pressure despite strong on-chain activity
Monero (XMR) faces short-term selling pressure below key moving averages. On-chain activity remains strong despite exchange delistings. Support lies at $300 while the immediate resistance sits near $3...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.