Monero price dips amid rising selling pressure

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Monero slides 12.87% today on news

Highlights

Over $120 million USDT was laundered through Monero, prompting Tether to freeze $72 million linked to suspicious transactions.
Liquidity on Monero remains thin after major exchange delistings, reinforcing its association with privacy-driven flows despite ongoing sell pressure.
Monero trades well below key moving averages with bearish technical signals, and price is expected to range between $323.89 and $352.82 short term.

Laundering-linked inflows intensify liquidity strains after exchange exits

Recent days saw over $120 million in USDT transferred into Monero through a large laundering attempt, resulting in substantial buy orders linked to suspicious activity. Tether subsequently froze $72 million of USDT connected to the incident, while about $48 million was already converted into Monero or other assets before the freeze. The event highlighted existing liquidity constraints on Monero's order books following major exchange delistings and reinforced the asset's association with privacy-focused transactions, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, observes that Monero is showing persistent weakness across all major timeframes. He is concerned by the negative momentum and clear sell signals on MACD and ADX, while the asset remains pinned under key moving averages. The recent laundering attempt and related Tether freeze only reinforce Monero’s vulnerability, deepening liquidity issues after major delistings. Kharitonov warns that oversold signals could lead to a brief bounce, but sees sustained downside risk as sellers dominate. "I remain skeptical of a quick recovery — structural pressure and negative news may continue to weigh on XMR in the near term."

Viktoras Karapetjanc, expert at Traders Union, views recent developments as reinforcing Monero’s long-term value proposition. He notes that despite the short-term selloff and negative news, large inflows and demand for privacy features reveal persistent institutional and retail interest. Exchange delistings may pressure order books, but they also drive organic consolidation, setting the stage for a robust rebound as regulatory clarity evolves. Karapetjanc remains confident in Monero’s role within the privacy sector. "I see further growth potential once the market digests these shocks — bullish structure remains intact for medium-term investors."

Jainam Mehta, market strategist, believes Monero’s technical picture remains fragile, with dynamic support at $356.70 now acting as initial resistance. He notes that the pronounced selloff and oversold oscillator readings could set up a tactical bounce, but underlying macro risks and deteriorating liquidity threaten further declines below $323.89. Mehta emphasizes watching for divergence in sentiment around the key price corridor. "A contrarian trade might emerge if momentum indicators stabilize, but I would only consider longs on confirmation above $352.82."

Persistent bearish momentum as technicals signal limited reversal chances

XMR/USD trades noticeably below the 20-day ($352.31), 50-day ($376.66), and 200-day ($391.79) moving averages, reflecting sustained downward pressure across short-, medium-, and long-term horizons. The nearest dynamic support is seen at the Kijun level ($356.70), with resistance expected near the MA-20. Momentum signals are bearish, with the Moving Average Convergence Divergence (MACD) giving a strong sell signal and the Average Directional Index (ADX) showing weak trend strength. The Relative Strength Index (RSI) has turned lower, and Stochastic RSI, along with the Commodity Channel Index (CCI), all point to developing or potential oversold conditions intraday. Bull/Bear Power (BBP) indicates sellers are firmly in control but highlights an overbought forecast, which can often precede short-term rebounds. The pair gapped lower on the open by nearly $39 and is now trading near the session’s low after sliding $50.39, or 12.87%. Intraday volatility stands at 3.39%. Downward pressure remains dominant through the session, confirming the momentum signals with little evidence of reversal.

Earlier, analysts noted that Monero was experiencing technical uncertainty and heavy selling pressure, with regulatory scrutiny intensifying following suspicious USDT inflows. The latest price action and liquidity concerns reinforce the prevailing bearish momentum, making close attention to the $323.89 support level essential for traders seeking to gauge further downside risks.

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

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