Monero (XMR) Weakens as Correction Deepens: Analysts Warn of Further Drop Below $350

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November 20, 2025 · 12:00 AM

Monero (XMR) Weakens as Correction Deepens: Analysts Warn of Further Drop Below $350

Monero (XMR) is experiencing significant selling pressure, dropping 8% in the last 24 hours to $375, marking four consecutive days of losses. This decline has erased recent gains and reflects a shift in trader sentiment towards a deeper market pullback. Derivatives data show increasing bearish sentiment, with short positions exceeding 55% of trades and a decline in futures Open Interest. Technical indicators suggest weakening momentum, with the price testing critical support levels around $348.

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Monero (XMR) Weakens as Correction Deepens: Analysts Warn of Further Drop Below $350 | cryptobinto