Monero Whale Places Long Bet Worth $14.3M Amid Bearish Trend

XMR whale activity has increased as a new wallet deposited $3.56M in USDC into Hyperliquid and opened a long position on 36,000 XMR worth $14.33M.

The take-profit orders for this position are set between $475 and $516, but the bearish trend structure remains dominant.

The price action of Monero (XMR) is currently trading inside Bollinger Bands with upper resistance at $125.56 and lower support at $113.9.

The EMA50 at $123.34 and EMA200 at $138.48 define the bearish trend structure above current levels near $118.7, while momentum remains neutral with an RSI of 46.21.