$XMR I think this is a healthy Pullback
The market is currently in a weak bearish consolidation. Price was strongly rejected from the 800 zone and since then it has been forming lower highs, showing a loss of bullish momentum.
Price is trading below the 25 MA, which is acting as a key resistance, while it is hovering near the 99 MA, indicating indecision. As long as price stays below the mid-range moving averages, the upside remains limited.
RSI is near 47, which is neutral but slightly bearish, suggesting no strong momentum from buyers yet.
Volume is declining, showing a lack of strong participation and increasing the chances of sideways or corrective moves.
Overall:
The structure favors bearish to sideways movement unless price regains strength and holds above key resistance levels. For now, sellers still have a slight edge.
