📉XMR bearish in the short term; watch the 582 support
As of November 10 at 08:15 (Beijing time), the XMRUSDT market snapshot was 584.66, down 2.49% over 24 hours, with a trading volume of 45.3 million USDT. The 1-hour RSI was 34.8 and the 4-hour RSI was 35.5, indicating weak short-term momentum. Market data source (https://www.kripto724.com/analiz/xmr/)
An earlier snapshot at 06:25 showed open interest at around 53.2 million USD, down 2.7% over 24 hours, and a funding rate of +0.01%. Price and open interest falling together is more consistent with position closures; it is not yet possible to confirm that new short positions are driving the move. Open interest source (https://seandra.ai/perp/xmr) Taker buy/sell volume and the corresponding MACD have not been verified.
Over the next 4–24 hours, the bias is for further downside: 582 is the first support level; if it breaks, watch 580 and 575. The 593–600 range is resistance to a rebound. If price holds above 600 on increased volume, the bearish outlook is invalidated, with 605 next in focus.
#XMR #XMRUSDT #门罗币 #MarketAnalysis
As of November 10 at 08:15 (Beijing time), the XMRUSDT market snapshot was 584.66, down 2.49% over 24 hours, with a trading volume of 45.3 million USDT. The 1-hour RSI was 34.8 and the 4-hour RSI was 35.5, indicating weak short-term momentum. Market data source (https://www.kripto724.com/analiz/xmr/)
An earlier snapshot at 06:25 showed open interest at around 53.2 million USD, down 2.7% over 24 hours, and a funding rate of +0.01%. Price and open interest falling together is more consistent with position closures; it is not yet possible to confirm that new short positions are driving the move. Open interest source (https://seandra.ai/perp/xmr) Taker buy/sell volume and the corresponding MACD have not been verified.
Over the next 4–24 hours, the bias is for further downside: 582 is the first support level; if it breaks, watch 580 and 575. The 593–600 range is resistance to a rebound. If price holds above 600 on increased volume, the bearish outlook is invalidated, with 605 next in focus.
#XMR #XMRUSDT #门罗币 #MarketAnalysis