Monero
Why Monero is up 1.1% in the last hour
Analysis
Monero (XMR) rose about 1.1% over the past hour as buyers defended the $290 level, helped by reports of a whale adding roughly 7,000 XMR—supporting near-term breakout expectations. The move also aligns with broader narratives that XMR usage and demand remain resilient despite exchange delistings, which can underpin sentiment even amid mentions of short-term selling pressure.
Contributing Factors (3)
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...
Monero defends $290 as whale adds 7K XMR – Breakout brewing above THIS?
Whale accumulation collides with heavy leverage as volatility tension builds.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.