Monero (XMR) is experiencing a price pullback after a recent rally driven by leveraged futures trading. The decline is largely due to profit-taking and a broader market cooldown, resulting in approximately $12 million in long positions being liquidated over the past 24 hours. Despite the drop, Monero's price remains above key Fibonacci support levels, indicating a potential consolidation phase rather than a reversal. The broader cryptocurrency market has also seen a slight dip, with Bitcoin's momentum stalling and the Fear & Greed Index dropping to 20/100, reflecting increased market caution. This suggests a period of consolidation across the crypto sector as traders reassess their positions.