Kraken to delist Monero for clients registered in Europe
Kraken Delists Monero: Kraken will cease trading and deposits for Monero (XMR) in the European Economic Area on October 31 due to regulatory changes, with a deadline for withdrawals set for December 31.
Regulatory Scrutiny on Privacy Coins: The delisting reflects increasing scrutiny on privacy coins like Monero amid new anti-money laundering regulations, prompting several exchanges to halt support for such assets.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for XMR
Technical Sentiment Analysis for Monero (XMR). As of , Monero (XMR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XMR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XMR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Monero (XMR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 287.275 | 310.338 | 330.345 | 353.408 | 373.415 | 396.478 | 416.485 |
| Fibonacci | 310.338 | 326.79 | 336.955 | 353.408 | 369.86 | 380.025 | 396.478 |
About XMR
About the author
