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XMR

Monero Showing Short-Term Weakness — Watch for Consolidation Before Buying

I see Monero trading at $239.34, sitting near the daily low after a -7.5% 24h move and -9.6% over the week. Market cap is about $4.4B (ranked ~41) with ~$60M volume — active but under pressure.

Price action shows short-term selling and no clear consolidation yet; this looks like distribution rather than a clean pullback. I’m watching for a stable base or a reclaim of the recent range on stronger volume before committing.

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Analysis

Short-term technicals are negative: price near daily low, falling week performance, and only moderate volume. The setup favors waiting for support confirmation or a clear breakout; failure to hold cur...

Recommendation

I will watch price action and volume for a confirmed base or a reclaim of the recent range before buying; avoid entering into the current weakness unless a clear buy signal appears.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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