Monero drops 3.91% to $537, losing short-term momentum
- —XMR trades at $537.07, down 3.91% on the day
- —Price sits below the 7-, 15- and 30-day SMAs but above the 50-, 90- and 200-day
- —Volume is 7.50% below its 30-day reference; derivatives data unavailable
- —RSI at 49.3 is neutral, MACD carries a bearish bias
Why it matters: Short-term momentum has weakened, though the long-term trend remains intact — a confirmed stabilization or reclaim of short-term averages is needed before adding exposure.
Source: DiarioBitcoin