In accordance with Captainaltcoin, Monero (XMR) is experiencing a price pullback following a strong rally fueled by leveraged futures trading. The drop is attributed to profit-taking and a broader market cooldown, with about $12 million in long positions liquidated in the last 24 hours. The privacy coin's price remains above key Fibonacci support, and technical indicators suggest a consolidation phase rather than a reversal. The broader crypto market also dipped slightly, with Bitcoin stalling and the Fear & Greed Index falling to 20/100.
Monero (XMR) Price Pulls Back Amid Profit-Taking and Market Rotation
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