Monero Slides 26% From $798 All-Time High as XMR Holds Above Key Moving Averages
Monero has fallen 26% from its recent all-time high of $798 reached on Jan. 14, following a multi-month rally that started in September and a five-day winning streak from Jan. 10 to Jan. 14. Despite a subsequent pullback to $590, with XMR still up 19% weekly, the price remains above the daily 50- and 200-day moving averages, and technical indicators imply that the broader uptrend could still be intact.