Over the past six months, Monero [XMR] has been subject to delistings from various exchanges. In February this year, Binance [BNB] announced plans to delist XMR from its exchange.

Next, on June 10, Kraken announced that it would delist Monero in Ireland and Belgium, following its delisting in the UK.

Kraken and Binance’s moves to delist privacy-centric currency XMR illustrate the regulatory challenges facing cryptocurrencies.

In Europe, with the passage of AMLR, privacy coins will no longer exist on the market. The delisting of these platforms has had a considerable impact on the market growth and price stability of XMR.

XMR recovers after delisting

Despite the adverse environment, XMR has managed to maintain its recovery over the past month. In the past 30 days, XMR has gained 12.20%, while in the past 7 days it has gained 4.39%.

In the past 24 hours, XMR’s trading volume surged 7.61% to $52 million.

The recovery has everyone optimistic, with predictions that XMR will rise to $190 and XMR will continue to rise.

Monero (XMR) is showing great promise in the market, gaining momentum at the 20-day EMA at $165. With a potential price target of $180, or even $190, XMR’s resilience highlights its key role in the crypto ecosystem.

What the fundamentals tell us

As of press time, market sentiment remains positive. According to Market Prophit, crowd sentiment is 0.089, which is positive, and Buzz has a score of 1.0853.

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The Money Flow Index (MFI) also rose from 26 to 54 over the past seven days.

A rise in the MFI indicates increasing buying pressure, shifting market sentiment towards a bullish outlook, and increasing inflows into altcoins.


Moreover, the RSI has increased over the past seven days from 48 to 55. The continued rise in the RSI suggests that gains have outweighed losses in the recent period, which could indicate a strengthening of bullish momentum.

Additionally, a look at XMR sentiment shows that the exchange-aggregated funding rate has been positive for the past seven days.

At press time, the exchange-aggregated XMR funding rate is 0.01, meaning investors are willing to pay a premium to hold long positions, which indicates confidence in future prices.


Finally, XMR reported no liquidations on both long and short positions.

The low liquidation volume suggests that long holders are still holding their positions at press time, with few investors betting on short positions to go short.


Can XMR sustain its recovery?

At press time, XMR is trading at $169.03, having broken through the $168 resistance level. The breakout could signal a move to the next significant resistance level, which is around $174.

In a more optimistic scenario, XMR will reach $179 in the short term. However, if there is a market correction, it will drop to the critical support level of $158.