Monero Decouples from Bitcoin, Rises Alone in Market Downturn
While Bitcoin (BTC) is experiencing a period of price stagnation, privacy-focused cryptocurrency Monero (XMR) is breaking market correlation and recording an independent price surge.
According to cryptocurrency media outlet U.Today on February 11 (local time), Monero continued its solo rally despite the overall market slump, with trading volume jumping 14% from the previous day. Its market capitalization climbed to approximately $3.27 billion, and 24-hour trading volume reached $127 million, demonstrating strong buying pressure from investors. Monero’s recent rise has drawn significant market attention as it forms an independent trend outside Bitcoin’s sphere of influence.
Monero’s rally is considered technically significant due to its clear decoupling from Bitcoin. While Bitcoin declined and moved sideways near a key resistance level, Monero charted an upward trajectory. Forming an independent trend separate from Bitcoin is rare in the altcoin market, suggesting that Monero’s unique value proposition is gaining recognition.
Growing demand for privacy coins emphasizing anonymity is viewed as the key driver behind the rally. Amid recent changes in the global regulatory environment and increasing emphasis on personal data protection, investor interest in untraceable assets has resurged. In particular, data from Santiment indicates heightened whale activity within the Monero network, signaling signs of large-scale capital inflows.
From a technical standpoint, Monero continues to maintain strong momentum. Although the Relative Strength Index (RSI) has entered overbought territory amid an upward trend, sustained trading volume has successfully defended against downward pressure. Experts suggest that if Monero solidifies its current support level, there is sufficient room for additional short-term gains.
Monero is currently moving through a phase of supply-demand stabilization based on its intrinsic characteristics, independent of Bitcoin’s price movements. Despite broader market volatility, continued trust in privacy-focused assets appears to be driving its price, raising the likelihood that Monero’s independent rally may persist for the time being. Investors are closely monitoring changes in trading volume and whether the cryptocurrency can break through key resistance levels.
Disclaimer: This article is for investment reference only, and we are not responsible for any losses resulting from investment decisions based on this content. The information provided should be interpreted solely for informational purposes.
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