$XMR recent trend is clearly weaker, with the price under pressure around $523. The 24-hour trading volume is approximately $135 million, and market sentiment is relatively cautious.
The current downside pressure mainly comes from three aspects: first, the Revolut ransomware incident has raised concerns about privacy-coin regulation; second, multiple exchanges have delisted the asset one after another, weakening liquidity and trading accessibility; third, large short positions are still steadily building up, so short-term funds are more inclined to follow the trend and short.
From the order book, privacy features are Monero’s long-term strengths, but under dual pressure from regulation and liquidity, this advantage has instead become a reason for funds to stand by in the short term. If there is no breakout rebound with volume or favorable news being properly digested, the price may continue to probe support repeatedly. In terms of trading, it’s not advisable to blindly “catch falling knives”; instead, you should focus on volatility after the shorts become concentrated and changes in trading volume.
#门罗币 #隐私币 #行情分析
The current downside pressure mainly comes from three aspects: first, the Revolut ransomware incident has raised concerns about privacy-coin regulation; second, multiple exchanges have delisted the asset one after another, weakening liquidity and trading accessibility; third, large short positions are still steadily building up, so short-term funds are more inclined to follow the trend and short.
From the order book, privacy features are Monero’s long-term strengths, but under dual pressure from regulation and liquidity, this advantage has instead become a reason for funds to stand by in the short term. If there is no breakout rebound with volume or favorable news being properly digested, the price may continue to probe support repeatedly. In terms of trading, it’s not advisable to blindly “catch falling knives”; instead, you should focus on volatility after the shorts become concentrated and changes in trading volume.
#门罗币 #隐私币 #行情分析