{"id":1231,"date":"2025-05-28T15:05:48","date_gmt":"2025-05-28T15:05:48","guid":{"rendered":"https:\/\/bitunikey.com\/news\/monero-price-tumbles-but-indicators-point-to-a-rebound\/"},"modified":"2025-05-28T15:05:48","modified_gmt":"2025-05-28T15:05:48","slug":"monero-price-tumbles-but-indicators-point-to-a-rebound","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/monero-price-tumbles-but-indicators-point-to-a-rebound\/","title":{"rendered":"Monero price tumbles, but indicators point to a rebound"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Monero price has suffered a sharp reversal this week, falling for three consecutive days and erasing some of its recent gains.<\/p>\n<p>Monero (XMR) token dropped to a low of $320.80 on Wednesday, down more than 23% from its highest level this year. It then pared back some losses and was trading near $350 at press time.<\/p>\n<p>No specific news appeared to trigger the XMR price drop. The decline was likely driven by profit-taking, as the token had surged over 125% from its yearly low. It\u2019s common for rallying assets to take a breather after extended moves higher.<\/p>\n<p>On-chain data suggests Monero may bounce back. According to CoinGlass, investors are still moving tokens from exchanges into self-custody wallets. XMR saw a net outflow of $1.28 million on Wednesday, following outflows of $2.4 million and $1.64 million on the previous two days.<\/p>\n<figure class=\"wp-block-image size-large\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14383867\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">XMR exchange inflow and outflow | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/XMR\" target=\"_blank\">CoinGlass<\/a><\/figcaption><\/figure>\n<p>Monero\u2019s funding rate in the futures market has also jumped to its highest level since May 7. A positive funding rate in perpetual futures indicates that futures prices are trading above spot prices.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>This scenario occurs when long holders pay a funding fee to short holders, signaling elevated demand for long positions.<\/p>\n<p>Additional data shows that Monero\u2019s open interest in the futures market is climbing. Open interest reached $54 million on Wednesday, up from $50 million on Tuesday. That\u2019s nearly double this month\u2019s low of $27.8 million, pointing to rising demand from derivatives traders.<\/p>\n<h2 class=\"wp-block-heading\">Monero price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14383866\"><source type=\"image\/webp\" ><\/source><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"1988\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/05\/Monero-price-tumbles-but-indicators-point-to-a-rebound.png\" alt=\"monero price\">\n<\/picture><figcaption class=\"wp-element-caption\">XMR price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that Monero\u2019s path to an all-time high stalled when it jumped to $420 this week. This decline happened because of profit-taking among investors who have benefited from the recent surge.\u00a0<\/p>\n<p>Despite the decline, XMR remains above the 50-day and 100-day exponential moving averages. It is also forming a potential hammer candlestick, characterized by a long lower wick and a small real body\u2014a classic bullish reversal pattern.<\/p>\n<p>As such, the coin may rebound and potentially retest its weekly high. A move back to that level would imply a 20% gain from current prices.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Monero price has suffered a sharp reversal this week, falling for three consecutive days and erasing some of its recent gains. Monero (XMR) token dropped to a low of $320.80&hellip;<\/p>\n","protected":false},"author":1,"featured_media":357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1231"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1231\/revisions"}],"predecessor-version":[{"id":1232,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1231\/revisions\/1232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/357"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}