According to Omkar Godbole, recent analysis of the Monero (XMR) price chart indicated a strong bullish momentum two weeks ago, as highlighted in his Twitter post on May 2, 2025 (source: @godbole17, Twitter). Godbole pointed out that technical indicators and volume patterns on the XMR chart suggested increased buying pressure and potential for further upside, making XMR a coin of interest for traders seeking short-term gains. Traders are advised to monitor resistance and support levels closely, as well as on-chain data, to confirm sustained bullish trends (source: @godbole17, Twitter).

According to Crypto Rover, the European Union plans to ban anonymous cryptocurrencies by 2027, aiming to restrict privacy coins such as Monero and Zcash. This regulatory move is likely to affect trading volumes and liquidity of privacy-focused digital assets, as exchanges operating in the EU will be required to delist or restrict these tokens. Traders should monitor potential delistings and volatility in the privacy coin sector, as regulatory uncertainty may drive short-term price swings and affect long-term adoption (source: Crypto Rover on Twitter, May 2, 2025).