Monero Price Stabilizes Above $447 Amid Market Pressure
- Price Stability: Monero (XMR) is currently trading at $465.61, down 3.3% over the last 24 hours, yet it remains above the critical support zone of $447 to $464, indicating market stability and active buying.
- Resistance Analysis: The 200-day exponential moving average (EMA200) at $506 acts as a resistance level for upward price movement; if cleared, XMR could target the $514 to $518 range, suggesting potential strong momentum in the short term.
- Support Risk: Should XMR drop below the $445 support level, increased selling pressure could push the price down to $417, which marks the bottom of the last major rally and serves as the next line of defense, keeping the market on high alert.
- Uncertain Market Direction: The market is currently fluctuating between $445 and $506, lacking a clear direction, with traders awaiting signals for a breakout or breakdown to inform their trading decisions.
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Technical Analysis for XMR
Technical Sentiment Analysis for Monero (XMR) As of , Monero (XMR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 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 stock.
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 | 33.278 | 154.779 | 257.598 | 379.099 | 481.918 | 603.419 | 706.238 |
| Fibonacci | 154.779 | 240.469 | 293.409 | 379.099 | 464.789 | 517.729 | 603.419 |
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