Monero’s Drama: From $440 Panic to Zec’s Envy (Will it Survive?)

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Monero, that cryptic puppet of market whims, lurched toward the $440 resistance like a drunk daredevil on Sunday the 30th. Uh-oh! Bitcoin’s crash below $90k triggered a wave of panic sales, and XMR followed suit, shedding 10.6% like a toddler losing its mittens. 🚨

Since November’s Anatole Irkedoff-esque breakout (15.8% profit! 👏), XMR basked in the spotlight while ZCash and Dash sulked in their respective corners, down 22.52% and 15.23%. But let’s not preen-since September, Monero’s 50.3% gain is just a polite invitation to ZCash’s 760% disco inferno. 🌋

As if wallet-fueled MDMA wasn’t enough, AMBCrypto dove into XMR’s next price parlor game. Spoiler: Chaos reigns.

Monero’s Bullish Balalaika Still Plays

Weekly charts whispered sweet nothings about the $420 high. A bullish continuation as if orchestrated by Tchaikovsky himself! The next target? $518-the April 2021 ghostwriting checkpoint. 🎶

Daily charts told a faux-biblical tale. Bulls aimed for $360, but the $438 local high (November’s brisket of pride) left a powdery residue. 💸

Indicators: The Kremlin’s Inner Circle of Doubt

Weekly CMF smeared money like vaseline on a ruble, but daily charts danced the indecisive charleston. MACD? Bullish on ice, weak in warm bath tub water. 🧊

Liquidation maps revealed tragicomic ratios: longs at $355 flailed like Dostoevsky protagonists. Shorts at $440-450? A cinematic cliffhanger awaiting sequel greenlights. 🎬

Bull/Bear Ballet: A Daedalian Dilemma

$233 and $320 are now Caspar the Ghost’s lookalikes. Bulls will fight to keep these supports alive. A $350-360 dip? Merely an intermission for bargain hunters. 🎭

Final Thoughts

  • Monero survives the market’s slapstick, but its growth? Habitually late for its own party. 🎩
  • Bullish charts await the market’s Feast of Revelations. Swing traders? Buy XMR or risk eternal algorithmic ridicule. 🤖

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2025-12-03 04:11