🔍 XMR Analysis – Privacy Coin Faces Pressure After Security Scare 🕵️♂️⚠️
Monero (XMR) is trading at $269.89, under bearish pressure following a recent 51% attack scare and technical breakdown. While its privacy features remain intact, concerns around mining centralization and exchange liquidity have shaken short-term confidence.
📰 Market Data & News
- Price: $269.89
- Recent Drop: -6.4% over 24h
- Key Catalyst: Qubic mining pool controlled 77.5% hashrate
- Exchange Impact: Kraken paused deposits, requiring 720 confirmations
🔄 Scenario Breakdown
Bearish Case:
Break below $269 Fibonacci support triggered sell signals. RSI at 41.79 and MACD divergence suggest further downside toward $233.
Bullish Case:
Reclaiming $276 (200-day EMA) could stabilize price. Watch for P2Pool mining share recovery above 15% to counter centralization risks.
TP/SL Logic:
- TP Bearish: $233
- SL Bearish: $276
- TP Bullish: $310
- SL Bullish: $260
📊 Sentiment Meter
📉 Bearish Momentum – Security concerns + technical breakdown
⚠️ Risk Level
🔴 High – Exchange restrictions + PoW vulnerability narrative
Will XMR recover above $276 or slide toward $233? Drop your take 👇
⚠️ Disclaimer: This is for educational purposes only and is not financial advice.
269.89
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