🚨📉➡️📈 Monero (XMR) holds steady after a hacking incident... and support at $226 becomes crucial

$XMR

Yesterday, the Monero network experienced a security breach that caused strong selling pressure and a sharp decline, pushing the currency to break key support levels and enter an oversold condition on larger time frames.

Despite the market shock yesterday, Monero showed signs of improvement in price today as it approaches a historical support zone at $226, an area that intersects with an upward demand block that could serve as a launch point for a corrective bounce if the price maintains a weekly close above it.

🔹 Key points:

Yesterday: Intense selling pressure following the hacking incident, with the loss of the Point of Control (POC).

Today: A slight rebound begins despite the continued oversold condition.

Scenarios: Holding above $226 may drive the price towards higher resistances, while breaking it could bring back downward momentum to lower levels.

⚠️ Note: This material is for informational and analytical purposes only and is not investment advice. Always do your own research before making financial decisions.