$XMR XMR/USDT – Market Update & Outlook
XMR recently made a strong upside move, followed by a controlled pullback. This type of price action usually shows profit-taking after strength, not panic selling.
Short-term view (1H):
Price is cooling near short-term averages after the rally. Selling pressure looks moderate, and buyers are still defending the area. This suggests consolidation rather than a full trend reversal.
Mid-term view (4H):
As long as price holds above the recent higher low, the broader structure stays constructive. Pullbacks after impulsive moves often help reset momentum befo