BTC is also reportedly really erratic and turbulent, and many coins including XMR are at risk to lose a massive portion of their value to BTC.
XMR liquidity is high
The online publication mentioned above also notes that the liquidity of Monero is also high at the moment.
The analysis made by the online magazine concludes that although XMR makes huge efforts to have a strong grip over the bullish trends but “it will always be succumbed to decline often as the market is highly volatile at present.”
The conclusion offered by the online publication is: “Therefore, one should not consider investing in XMR currently and must wait for the right time until the market condition improves.”