Monero (XMR) Faces Sustained Downtrend and Death Cross Risk After Significant Price Collapse
Monero (XMR) Faces Sustained Downtrend and Death Cross Risk After Significant Price Collapse
Monero (XMR) has experienced an intense selling pressure over the past month, leading to a nearly 60% price collapse and pushing it into a sustained downtrend. This decline indicates rapidly weakening investor confidence. Despite a recent attempt at recovery, the privacy coin is facing the looming threat of a 'death cross,' signaling further bearish market conditions.
Monero has faced intense selling pressure over the past month, with the price collapsing nearly 60% in just four weeks. The sharp decline erased weeks of gains and pushed XMR into a sustained downtrend. This move signals quickly weakening investor confidence, as long-term holders and short-term traders alike reduce exposure amid broader market stress.