Monero
Why Monero is down 4.1% today
Analysis
Monero (XMR) fell 4.1% over the past 24 hours as traders reacted to renewed exchange delisting overhang and near-term selling pressure highlighted in recent coverage. CoinJournal noted that XMR is facing short-term selling pressure even as on-chain activity remains strong, which can weigh on price in the near term.
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 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.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.