JUST IN: Monero (XMR) hit a brick wall at $380 this week, fueling bearish predictions for its price.


The rejection was sharp and precise, price action is now curving downward, trapped below the 200 day Exponential Moving Average (EMA), with bears firmly in control of the trend.
This technical weakening coincides with a complex macroeconomic environment for privacy assets, which are currently undergoing a consolidation phase due to ongoing regulatory pressures.
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