<ul><li>Monero (XMR) has experienced a significant drop from its recent peak amid strong sell-side pressure, with on-chain and technical indicators signaling bearish momentum.</li><li>The recent correction in Monero's price, with a decline of nearly $100 in three days, has sparked debate among market participants on whether it indicates a brief retracement or a deeper bearish trend.</li><li>XMR has lost over 12% of its value today, extending a two-day decline that erased 11% from its peak, while on-chain data and technical indicators point towards increasing selling pressure.</li><li>Despite potential bearish signals, a surge in open interest in XMR derivatives with positive funding rates suggests some traders are positioning for a rebound, creating a crucial juncture balancing technical weakness and bullish futures sentiment for Monero.</li></ul>

Monero price forecast: XMR correction or free fall after resent peak?

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