Monero Plummets 60%: Bear Market Intensifies Pressure on XMR

ImpermanentLossFan · 2026-02-22T13:08:26+00:00

Monero has fallen 60% in recent weeks, affected by a wave of liquidations in the cryptocurrency market. The mass sell-off and lack of confidence have led XMR into a selling cycle, and analysts warn of a possible formation of a bearish pattern that could drive its price down to $265.

ImpermanentLossFan

2026-02-22 13:08:26

Abstract generation in progress

Monero is in the red territory after experiencing a 60% collapse in recent weeks. This price collapse reflects the adverse conditions prevailing in the current crypto market, where a massive wave of liquidations has dragged down the most vulnerable assets. Traders’ initial enthusiasm has faded, leaving XMR trapped in a cycle of continuous selling that keeps it away from key technical support levels.

Massive Selling Pressure in the Current Market

According to NS3.AI analysis, the decline in speculative interest has accelerated the mass selling of XMR. Although some momentum indicators are beginning to show signs of possible relief from downward pressure, they barely manage to contain the fall. The market remains dominated by negativity, with traders resizing their bullish positions in favor of defensive ones. Confidence in Monero has diminished considerably in this environment of uncertainty.

Technical Indicators: Signal of Recovery or Bear Trap?

Analysts are concerned about the proximity of the death cross, a technical pattern that could confirm the start of an even deeper decline. While there are slightly optimistic momentum indicators, they are not strong enough to reverse the market’s bearish trend. The crucial resistance remains out of reach, keeping XMR under constant pressure.

Risk Scenario: Drop Toward $265

If the death cross materializes, analysts project a new price target around $265, which would represent a significant extension of the current decline. This level would serve as a final testing point before any possible stabilization. For now, Monero remains in a fragile position within the bearish market, where downside risks outweigh upside opportunities.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.