Monero (XMR) Price Analysis: Privacy Coin Continues to Gain Popularity, Nears a 'Strong” RSI in Multiple Time Frames

Monero (XMR) continues to gain popularity among cryptocurrency users and investors, with solid price action and a high usage rate.

Monero (XMR) price analysis shows one of the most solid charts in a primarily bear market. Several technical indicators suggest a potential uptrend for XMR.

Despite being delisted from major exchanges, XMR's price performance is driven by its decentralized nature and user preferences for payments.

In August, XMR dominated payment volume on ShopBit and CoinCards, indicating a preference for the privacy coin among users.

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