Monero Price Recovers from Oversold Levels, Aiming for Further Gains

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 19 2025

Recent Price Movement: Monero (XMR) has bounced back from a low of $231 after being in extreme oversold conditions, indicating strong demand at this support level.
Key Resistance Level: The price is currently testing the value area high, which must be reclaimed on daily closes to confirm further upward momentum.
Next Target: If the bullish trend continues, the next significant resistance level to watch is at $344, contingent on sustained buying interest.
Market Dynamics: The shift from heavy selling pressure to increasing bullish volume suggests a potential continuation of the rally, with consolidation expected around key levels before any breakout.

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.

Monero Price Recovers from Oversold Levels, Aiming for Further Gains

About the author

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