🚨 $XMR DEATH CROSS WARNING! PRIVACY COIN HYPE FADES FAST!

$XMR just shed over $60 as the privacy coin narrative cools. The hourly chart printed a grim death cross, signaling serious short-term trouble ahead. Volume plunged 17%.

The technicals suggest a slide toward $581.64 is possible, with key support at $560. If $560 breaks, prepare for a crash toward $500. Traders dumped hard below $600 support.

Despite the bleed, $XMR still holds the #12 spot by market cap. Legendary trader Peter Brandt is still banking profits, hinting this drop could be a blip before a massive surge mirroring silver. Watch that $560 level like a hawk.

#XMR #Monero #CryptoTrading #DeathCross 📉

XMR
XMRUSDT
484.74
-7.05%