🚨 $XMR /USDT Finding Support After Pullback
Monero is trading at $340.14 (-0.38%) after a sharp rejection from its recent high of $351.44. Price is currently attempting to stabilize above the short-term moving average.
Key Levels
• 🟢 Support: $335.10 (24h Low) → $327.65 (MA-99)
• 🔵 Resistance: $338.93 (MA-7) → $343.76 (MA-25)
• 🔴 Breakout Zone: $352.00+
Analysis
• Indicators: Price is battling to stay above MA(7) @ $338.93. MACD is bearish at -1.24, indicating significant cooling momentum following the peak.
• Structure: After a strong push from $325.45, XMR is retracing. Holding the MA-99 ($327.65) is critical to maintain the broader bullish structure.
• Scenarios: Flip $343.76 to regain bullish control. A break below $335.10 could lead to a deeper retest of the $325 origin point.
Is XMR bottoming out here, or is there more downside coming? 👇
#XMR #Monero #crypto #Binance #PrivacyCoins