Monero: Privacy coin delistings drive sharp decline below $350

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Monero drops 7.50% to $346.62 today

Highlights

Ongoing regulatory crackdowns, including the EU's MiCA and FATF 'Travel Rule,' are restricting Monero’s exchange availability and user anonymity.
Heightened government scrutiny of privacy coins has pressured Monero's adoption and price, despite its default cryptographic privacy features.
Monero faces further downside risk, trading below major moving averages with near-term support at $330 and resistance at $350, as technical signals remain weak.

Regulatory crackdowns accelerate delistings and pressure privacy coins

Ongoing regulatory developments, such as the EU’s MiCA regulation and the FATF 'Travel Rule,' have led to delistings of privacy coins like Monero on certain exchanges and require cryptocurrency platforms to identify both senders and receivers. Governments and financial institutions have increased scrutiny of privacy coins, with recent regulatory actions shaping access and adoption in specific jurisdictions. Monero's technology uses advanced cryptography to ensure that all transactions remain private by default, though price action has remained under broader selling pressure.

Diverging signals as XMR faces resistance and mixed momentum

XMR is trading below key moving averages, with the SMA-20 at $350.31, SMA-50 at $356.74, and SMA-200 at $374.12. The Ichimoku Kijun (D1) sits at $342.15, acting as immediate resistance. Momentum signals on the daily chart are mixed: MACD and ADX are neutral, indicating indecision, while the RSI is mildly bullish at 56.79. CCI and Stoch RSI warn of overbought conditions, and BBP registers strong overbought readings, reflecting recent buyer activity, though the Awesome Oscillator signals ongoing bullish momentum. Intraday price action has been volatile, with prices near the day’s low and persistent selling pressure seen since the open. The divergence between oscillators and momentum indicators highlights uncertainty in the near-term direction, as selling aligns with a broader pause in upward momentum.

Downside risk prevails as conviction for rebound remains weak

For the next five trading days, XMR is expected to trade within a volatility band relative to current levels, between $330 and $350. The probability of a price increase is less than 20%, with further downside more likely, as only the weekly ADX suggests any potential for upside against broadly negative weekly RSI and neutral MACD readings. The baseline scenario is for sideways movement in the $330 – $350 corridor. A bullish move above immediate resistance at $342 – $350 could target $360, but conviction remains weak, while a drop below $330 would expose lower support and confirm downside momentum.

Anton Kharitonov, expert at Traders Union, sees persistent technical and regulatory headwinds for Monero. He notes that XMR remains below all key moving averages and faces ongoing pressure from exchange delistings driven by evolving EU and FATF policies. Uncertain momentum and elevated selling suggest that downside is more likely within the $330 – $350 range. "Until the regulatory environment eases or XMR reclaims $350, a cautious stance is warranted."

Earlier, analysts noted that Monero demonstrated resilience amid mixed momentum, with bullish signals emerging despite lingering uncertainty. The current downturn and regulatory-driven pressures mark a shift toward sustained weakness, making the $330 level critical to monitor for confirmation of further downside risk in the coming sessions.

Source of Data: XMR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.