Monero's XMR drops 5.13% to $530.26, tests $527.72 support
- —XMR trades at $530.26 after a 5.13% daily decline
- —Volume of $105.21M is 15.25% below the 30-day average
- —Price sits below the 7-, 30- and 50-day SMAs; support at $527.72
- —RSI at 47.1 and a bearish MACD point to weak momentum
Why it matters: A break below $527.72 opens the door to the 50-day SMA at $516.01, while holding the level could trigger a technical bounce.
Source: DiarioBitcoin