After the Fed maintained interest rates, the market focus shifted to the policy profile. As the Federal Reserve continues to stress the importance of low inflation, risk asset moods are weakening, the encrypted market is re-pressed and the private currency (XMR) continues to decline.

On Friday hours, XMR fell on the third consecutive trading day and the price remained below $330. The report mentions that the Federal Open Market Commission (FOMC), while remaining as expected, expressed its preference for eagles after the meeting, which further cooled short-term interest rates.

Market bets continue to fall back.

In a post-conference press conference, Federal Reserve Chairman Kevin Warsh stated that the Federal Reserve would continue to focus on the 2 per cent longer-term goal of bringing inflation back, with more emphasis on price stability at this stage, rather than moving to easing as soon as possible.

This statement was interpreted by the market as the Fed was not prepared to initiate interest rate reductions in the short term. At the same time, some traders are even beginning to account for the possibility of a further increase. The market expectations cited in the report indicate that there is a probability of an increase of about 30 per cent in interest rates for a future policy session.

Risks tend to be weak at the same time. The encrypted market fear and greed index dropped to 15 on Thursday, 22 the previous day, still in the “extreme fear” zone, reflecting the continued contraction of investor exposure to high-risk assets.

XMR still hasn't recovered critical price

In terms of price performance, the XMR is still below about $340 in the middle track of the Bryn strip and below the average of multiple major index movements. 50 The average daily line is approximately US$ 359, 100 and 200 days, concentrated near US$ 366 and constitutes a more intense area of resistance above.

According to the report, although Monroeco had recently been in the recall phase, some of the kinetic energy indicators had improved slightly. The MACD column figure is still positive and MFI is about 65, indicating that the inflow has not completely disappeared. For the time being, however, these signals are more of a sign of a rebound in the direction of a return than a reversal of the trend.

We've got $291 down there.

From a short line, the XMR is first faced with resistance near $340, followed by a line of $359. If it continues, the area between $366 and $367 will be more resistant, and the next higher threshold will be around $389 for Brink.

The support below is in the vicinity of about US$ 291 on the Bulling Belt. If this position is broken, the drop in XMR may be further expanded and the return may be even deeper.

Overall, against a backdrop of high macro-uncertainty and tight monetary policy, the risk preferences for encrypted markets have not yet been clearly repaired and the private currency plate continues to be under pressure.