Monero

Monero (XMR) is currently testing key support near $160. Daily c

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Monero (XMR) is currently testing key support near $160. Daily chart shows it consolidating after recent decline, with volume decreasing significantly. The 200-day MA around $158 remains critical support—a break below could trigger further downside toward $150.

RSI sits near 42, indicating neutral momentum with slight bearish bias. MACD lines remain below zero but show potential convergence, suggesting selling pressure may be easing. Resistance levels await at $170 and $185.

Privacy coin sector faces ongoing regulatory headwinds, impacting XMR's medium-term outlook. Trading volume remains below average, indicating lack of strong directional conviction. Key remains holding $158 support; break below would signal renewed bearish momentum.

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