Key Points
- Monero has fallen 4.5% in the past 24 hours and faces the risk of dropping below its January low.
- The coin has lost 42% of its value since reaching an all-time high of $798 twelve days ago.
XMR Continues to Decline as Market Remains Bearish
XMR, the native token of the Monero blockchain, is among the weakest performers by market capitalization in the top 20 cryptocurrencies over the past 24 hours. Since Sunday it has retreated about 4.5% and is trading below $460.
This underperformance comes as the broader crypto market remains subdued. XMR staged a rally in December and early January that culminated in a new all-time high of $798 on January 14, but that advance has since reversed.
The late-December to mid-January surge was driven in part by renewed demand for privacy-focused cryptocurrencies; other privacy coins such as DASH and ZEC also saw gains during that period.
That momentum has faded, and XMR has shed roughly 42% of its value since the peak. Currently trading around $459, the coin faces the risk of slipping below January’s low near $413 if the bearish trend persists.
Monero May Break Support at the 100-Day EMA
The XMR/USD 4-hour chart shows a clear bearish bias. Over the past two weeks the token has declined roughly 42%, signaling waning demand for privacy coins in this cycle.
At present XMR sits just above $450 after losing about 10% on Sunday. It found temporary footing near the 100-day EMA around $437, but that level is under pressure.
If selling continues, XMR could drop below January’s low of $413. The 200-day EMA, near $383, remains a key trend support level that traders will watch closely.
Momentum indicators reinforce the bearish outlook. The MACD line remains below its signal line, with both lines trending toward the zero line, indicating strong downside momentum. The RSI sits around 32, suggesting sellers hold short-term control without showing extreme oversold conditions yet.
On the upside, a bullish recovery that pushes XMR above the 50-day EMA near $485 would open the possibility of reclaiming $500 and higher. Until that level is decisively breached, downside risk and pressure on support levels could continue to dominate price action.