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Monero Price Forecast: XMR retreats as bearish outlook targets 200-day EMA
Monero (XMR) is down almost 5% at press time on Friday, extending the 2% loss from the previous day. The privacy coin retains positive funding rates, a sign of bullish interest among traders, despite massive outflows from XMR derivatives. Technically, the outlook for Monero is bearish, with prices testing a crucial support zone above $400. Monero’s retail strength flashes mixed signals, with positive funding rates amid declining XMR futures Open Interest (OI) and massive long liquidations. CoinGlass data show that the XMR OI is down 12.48% over the last 24 hours, to $174.31 million, indicating a reduction in the ... (full story)
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