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Monero faces a delisting threat amid a liquidity crisis and regulatory pressures. Monero (XMR) encounters growing obstacles securing exchange listings amid regulatory pressures, contributing to a historic low in liquidity, as Kaiko’s recent analysis reveals. The report underscores a notable decline in market liquidity for privacy tokens, particularly Monero, driven by removals from various crypto exchanges.
Market liquidity for Monero, Zcash hits all-time low, data shows https://t.co/MWwt72FWQK pic.twitter.com/jloPQSEwqR
— Zcash Forum & Reddit (@ZcashForum) January 9, 2024
In the past week, liquidity for privacy-focused tokens, including XMR, plummeted to just $5 million following specific trading pairs’ removal on OKX. Kaiko’s analysts highlight the trend of major platforms delisting privacy tokens due to regulatory constraints, intensifying the liquidity downturn in the crypto bear market. Notably, Monero (XMR) faces an elevated risk of delisting on Binance due to insufficient liquidity, according to Kaiko, leading to market fragmentation with XMR primarily traded on significant exchanges.
Key Monero Levels To Watch – January 9
The market was bullish from mid-September 2023 to December 2023. The bullish trend happened alongside a rising trendline until a CHoCH (Change of Character) occurred to the downside.
The BOS (Break of Structure) at $178.7960 happened as the market entered an overbought state. The uptrend ended at $180.7510 as the price flipped bearish, giving rise to the ongoing downtrend.
XMR Key Levels
Resistance Levels: $175.5130, $187.4960, $210.2710
Support Levels: $135.7080, $116.1380, $96.5670
Market Metrics
Total Market Capitalization: $1.62T
Monero Market Capitalization: $2.68B
Monero Volume: 108M
Market Rank: #32
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