{"id":114377,"date":"2025-11-20T00:00:41","date_gmt":"2025-11-20T00:00:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=114377"},"modified":"2025-11-20T00:00:41","modified_gmt":"2025-11-20T00:00:41","slug":"monero-xmr-weakens-as-correction-deepens-analysts-warn-of-further-drop-below-350","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=114377","title":{"rendered":"Monero (XMR) Weakens as Correction Deepens: Analysts Warn of Further Drop Below $350"},"content":{"rendered":"

Monero (XMR) is back under heavy pressure as the market-wide correction deepens, with the privacy-focused cryptocurrency dropping 8% in the past 24 hours to trade at $375.<\/p>\n

This decline marks the fourth consecutive day of losses, erasing last week\u2019s recovery and signaling a shift in sentiment as traders increasingly position for a deeper pullback.<\/p>\n\n

Monero (XMR)\u2019s Selling Pressure Builds Further<\/strong><\/h2>\n

Fresh derivatives data reflect rising bearish conviction. According to CoinGlass<\/a>, Monero\u2019s futures Open Interest has fallen over the last 24 hours, while short positions now account for more than 55% of all trades.<\/p>\n

The drop in OI, now hovering around $78 million, suggests traders are withdrawing capital as fear of further downside builds.<\/p>\n

Technical indicators support this shift. The RSI has slipped below the midline, showing weakening momentum, while the MACD indicator has flashed a fresh sell signal. Together, these point toward deteriorating buying interest and a growing risk that XMR may not hold its current support levels.<\/p>\n

Support Threatened as Analysts Eye Breakdown Toward $350<\/strong><\/h2>\n

Despite XMR<\/a> maintaining an overall bullish structure on higher timeframes in recent months, the short-term outlook has flipped decisively bearish. The price is now testing key support zones, with the 50-day EMA at $348 emerging as the next major level to watch.<\/p>\n

A close below $358, which aligns with the neckline of a double-top pattern, would confirm a bearish breakdown, potentially accelerating losses toward the low-$300 region.<\/p>\n

Analysts warn that this scenario becomes more likely if market demand continues to weaken, particularly as retail traders rotate into alternative opportunities and risk sentiment remains fragile.<\/p>\n

Still, not all indicators point south. Analysts note that as long as XMR holds above $373, there remains potential for an intraday rebound toward the $400\u2013$410 resistance range. But with the price already slipping below that threshold, bulls may face an uphill battle to reassert control.<\/p>\n

Privacy Narrative Remains Strong, but Momentum Falters<\/strong><\/p>\n

Despite the near-term weakness, Monero continues to benefit from growing interest in privacy-preserving technologies.<\/p>\n

Recent upgrades, such as the Fluorine Fermi hard fork<\/a>, have strengthened network security and improved resistance against surveillance-based threats. Long-term forecasts remain cautiously optimistic, with projections suggesting steady, though moderate, growth through 2030 and beyond.<\/p>\n

For now, however, XMR remains vulnerable. Unless buyers step in to defend the $350\u2013$360 support zone, analysts warn that the correction could deepen further before any meaningful recovery takes shape.<\/p>\n

Cover image from ChatGPT, XMRUSD chart from Tradingview<\/p>","protected":false},"excerpt":{"rendered":"

Monero (XMR) is back under heavy pressure as the market-wide correction deepens, with the privacy-focused cryptocurrency dropping 8% in the past 24 hours to trade at $375. This decline marks the fourth consecutive day of losses, erasing last week\u2019s recovery and signaling a shift in sentiment as traders increasingly position for a deeper pullback. Monero […]<\/p>\n","protected":false},"author":0,"featured_media":114378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-114377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114377"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114377"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/114378"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}