Home BlockchainMonero XMR Attempts First Recovery in a Month, But Death Cross Risk Looms

Monero XMR Attempts First Recovery in a Month, But Death Cross Risk Looms

by BeInCrypto
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XMR Open Interest

Monero has faced intense selling pressure over the past month, with the price collapsing nearly 60% in just four weeks. The sharp decline erased weeks of gains and pushed XMR into a sustained downtrend.

This move signals quickly weakening investor confidence, as long-term holders and short-term traders alike reduce exposure amid broader market stress.

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Monero Traders Are Stepping Back

Derivatives data points to a clear trader exodus from Monero. Open interest has dropped sharply,…

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