Monero (XMR) has slid back into the red as bearish market pressure keeps mounting. Once a standout performer earlier this month, XMR is now among the weakest of the top 20 cryptocurrencies by market cap, falling about 4.5% since Sunday and trading just under $460.
A quick recap: XMR surged to an all-time high of $798 on January 14 amid renewed interest in privacy-focused coins—DASH and ZEC (Zcash) also saw strength at the time. That rally, however, has evaporated: Monero has lost roughly 42% of its value since that peak and now sits near $459, leaving it at risk of revisiting January’s low around $413 if selling continues.
Technical picture
- Short-to-medium-term momentum looks firmly bearish. On the XMR/USD 4-hour chart the price recently settled just above the 100-day EMA at $437 after a roughly 10% drop on Sunday.
- If sellers intensify, the next major downside floor would be the 200-day EMA at about $383.
- Momentum indicators reinforce the downtrend: the MACD line remains below its signal line and both are drifting toward the zero line, while the RSI sits around 32 — signaling bearish control but not yet deeply oversold.
Upside scenario
- Bulls can reclaim control by pushing XMR above the 50-day EMA near $485. Clearing that level would open the door for a move back above $500, but that requires a notable shift in demand.
Bottom line: Monero’s blistering early-January rally has given way to a sharp retracement. Traders should watch the 100- and 200-day EMAs for support and the 50-day EMA for any sign of a sustained recovery.
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