Anyone have an analysis on the XMR drop (on polo) in the last few days? It's been climbing back up over the past month or so (in particular), but it's dropped a steady 25k under 300k sats and remained there for some time now. It was peaking at 300k-320k at points last week.
It's retracing/consolidating from the 348k top after that last leg up. Price is simply bouncing between resistance and support levels. The previous tops (233k and 246k, which previously were resistance levels) are currently acting as support zone. Furthermore, the declining volume on the retrace/consolidation is indicating that sellers are getting exhausted. Asks near market (although presumably most are fake) are still pretty high though, so it could very well be that we'll consolidate some more for some time. See:
