Monero falls 3.85% to $589 and tests support levels
- —XMR trades at $589.25, down 3.85% on the day
- —Price sits below VWAP of $604.42 but above SMA-15 and SMA-200
- —Volume of $110.49M is 11.92% below the 30-day average
- —RSI at 56.9 and bullish MACD keep the medium-term trend intact
Why it matters: A decline on weak volume without a catalyst looks like a correction rather than a reversal, but a break of $587.64 would raise downside risk.
Source: DiarioBitcoin