XMR Falls 3.76% to $540 as Capital Rotates Into Zcash
- —XMR trades at $540.03, down 3.76% in 24 hours
- —Daily volume of $114.74M is 15.32% below the 30-day average
- —RSI at 53.2; MACD histogram negative at -4.08
- —Intraday support at $526.44, resistance at $562.68
Why it matters: The drop looks like a market-wide correction and rotation into Zcash rather than a deterioration in Monero's fundamentals.
Source: DiarioBitcoin