Monero Price Confirms Bullish Market Structure Shift

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

Should l Buy XMR?

Market Structure Shift: Monero (XMR) price has confirmed a bullish market structure shift on the daily chart by reclaiming the $357 support level, indicating that buyers have regained control and suggesting a potential upward trend.
Key Support Level: The $357 area, previously a significant resistance zone, has now flipped to support, typically signaling that the market is preparing for sustained upward movement and increasing the likelihood of a push towards the $473 resistance.
Trend Confirmation: The daily chart shows a sequence of higher lows and higher highs, confirming the recovery of buyer momentum after a corrective phase, indicating a transition into a new trending environment.
Price Expansion Potential: If Monero continues to trade above $357, it is expected to accelerate towards the $473 high, as market structure shifts often lead to rapid price expansion, attracting more traders to the asset.

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Technical Analysis for XMR

Technical Sentiment Analysis for Monero (XMR). As of , Monero (XMR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 5 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XMR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XMR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Monero (XMR) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	230.894	266.542	305.174	340.822	379.454	415.102	453.734
Fibonacci	266.542	294.917	312.447	340.822	369.197	386.727	415.102

About XMR

Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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