XMR trades at $531.95 above SMA-50, but bearish MACD and weak volume keep traders cautious
- —XMR at $531.95, 33.17% below its all-time high of $795.95
- —Price holds above SMA-50 ($523.90) but sits below 7-, 15-, 20- and 30-day averages
- —Volume of $109.66 million is 10.51% below the 30-day average
- —XMR is down 5.32% over seven days but up 60.74% over 90 days
Why it matters: With no confirmed catalyst and thin volume, the SMA-50 remains the key level to watch: losing it would strengthen the bearish case.
Source: DiarioBitcoin