Monero drops 6% to $527 as broader crypto market weakens
- —XMR slid 6.05% to $527.17, giving up the $560.85 open
- —Daily volume of $100.65M is 25.72% below the 30-day average
- —RSI sits at 50.1; key Fibonacci 38.2% support at $505.66
- —XMR is still up 70.42% over 90 days and 81.37% over 52 weeks
Why it matters: The move looks like profit-taking after a rally rather than a trend break, with the bullish structure intact above $505.
Source: DiarioBitcoin