XMR's main selling point is privacy, safety and security. By utilizing anonymous transactions, XMR became popular among traders and investors who are willing to hide their tracks on the cryptocurrency market for whatever reason. It is also a popular payment tool for various services, like VPN providers.
Thanks to the aforementioned advantages, XMR remains popular among retail investors, which exclusively pushes its value upward on the open market while other assets are slowly descending. In the last 30 days, XMR has gained around 30% to its value in contrast to other digital assets that have either been moving in a rangebound or lost what they gained during the recovery after the FTX implosion.The golden cross we have mentioned numerous times in our previous market reports did not help the meme coin to maintain the same pace we saw back at the beginning of November and it retraced, losing around 30% of its value in a relatively short matter of time.
The three support levels would be the regular and exponential 50-day moving averages and the 21-day moving averages. Those indicators act like guidelines for the asset in the uptrend and might become a determinant between the up and downtrends.