Monero Under Pressure as Network Stability Questioned

Monero (XMR), long regarded as the leading coin for privacy transactions, has struggled to hold ground in recent weeks as fears over its network security weigh heavily on traders. The decline follows claims that Qubic, a mining pool centered on artificial intelligence infrastructure, secured majority control of the blockchain’s hashing power — sparking debate about the possibility of a 51% attack.

$XLM

In a very high possibility,
It seems to be in a bottom already.

But there is also small possibility to drop more to $0.37~$0.35 area.

More Down, More Buy.

We are almost the corner to turn around Parabolic Rally Phase.

Our patience will be rewarded vertically!🚀 pic.twitter.com/YlM3Kd0P9U

— JM (@JMNOMIKS) August 20, 2025

This development prompted major platforms such as Kraken to suspend XMR deposits, even though trading and withdrawals are still active, leaving doubts over the currency’s reliability. The suspension of deposits has cast a shadow on Monero’s reputation, as it exposes the risks of too much power being concentrated in a single pool. The result has been slower market activity and steadily declining prices, a sign that investor trust is waning. Without decisive steps to reinforce decentralization, Monero may find it difficult to reverse its bearish trajectory in the near future.

Key Monero Levels To Watch – August 20

XMRUSD remains under bearish pressure as price trades below the descending trendline. The pair is struggling to hold above $257.0, with momentum indicators signaling continued weakness.

A breakdown below $255.0 could accelerate losses toward $244.0 and $230.0 supports. Unless buyers reclaim $280.0, the bearish bias is likely to persist.

XMR Key Levels

Resistance Levels: $280.00, $300.00, $314.70
Support Levels: $244.40, $230.10, $210.10

Market Metrics

Total Market Capitalization: $3.84T
Monero Market Capitalization: $4.89B
Monero Volume: $121.26M
Market Rank: #27

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