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- Monero (XMR) faces short-term selling pressure below key moving averages.<\/li>\n
- On-chain activity remains strong despite exchange delistings.<\/li>\n
- Support lies at $300 while the immediate resistance sits near $381.<\/li>\n<\/ul>\n
After reaching an all-time high near $798 in January, Monero (XMR) cryptocurrency has experienced significant short-term volatility.<\/p>\n
In the last month alone, XMR has retraced over 44% from its recent highs.<\/p>\n
The coin is currently trading around $331, after modest gains over the past 24 hours, but still well below its peak.<\/p>\n
Growing selling pressure<\/h2>\n
Recent price action shows that XMR is struggling below key moving averages, including the 50-day and 200-day exponential moving averages (EMA).<\/p>\n
![\"Monero](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/XMRUSD-price-chart.png\")
Monero price analysis | Source: TradingView<\/figcaption><\/figure>\n These levels are critical as they often guide the sentiment of market participants.<\/p>\n
Selling pressure has been compounded by a decrease in futures open interest, which dropped around 11% in a single day.<\/p>\n
The long-to-short ratio has also shifted in favour of short positions, indicating a prevailing bearish bias.<\/p>\n
If Monero fails to hold above the psychological $315 level, it could open the door for further declines.<\/p>\n
Technical analysts suggest that a break below $315 may trigger a deeper correction, potentially testing support near $300.<\/p>\n
Despite this, the short-term weakness does not reflect a collapse in user interest.<\/p>\n
Strong on-chain activity and adoption<\/h2>\n
Monero\u2019s core network activity remains remarkably resilient.<\/p>\n
Transaction volumes have stayed above pre-2022 levels, even as numerous exchanges have delisted the cryptocurrency.<\/p>\n
This suggests that the demand for private transactions continues, independent of mainstream trading platforms.<\/p>\n
Darknet marketplaces are increasingly favouring XMR as the payment method of choice.<\/p>\n
Almost half of the newly launched privacy-focused markets now operate exclusively on Monero, underscoring its growing adoption in niche sectors.<\/p>\n
Even though ransomware operators still prefer Bitcoin (BTC)\u00a0 due to its liquidity, Monero continues to hold a strong position among users who value privacy.<\/p>\n
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Despite exchange delistings and enforcement pressure, XMR activity on Monero remains above pre-2022 levels.<\/p>\n
Key findings from our latest research:<\/p>\n
\ud83d\udd3a 48% of new darknet markets in 2025 are XMR-only
\ud83d\udd3a Most ransomware payments still occur in BTC \u2014 liquidity matters
\ud83d\udd3a 14\u201315% of\u2026 pic.twitter.com\/BYPJMrLaJN<\/a><\/p>\n