Monero traded below $308 after rejecting the daily high and may continue dropping toward $296 price zone.
If the price cannot reclaim above the flash low range then short setups may form on further breakdown.
This structure has been seen on other altcoins and may trigger more selling pressure in coming sessions.
Monero (XMR) has shown signs of weakening trend strength as price fell below the daily low near $308 during Friday’s session. Technical signals now suggest a potential trend lower if price fails to reclaim above key support zones. The 1-hour Binance chart shows clear resistance rejection at the daily high with continuation patterns forming below major levels.
Source: X
A common structure across altcoins is developing, with price sweeping lows before forming tighter ranges and potential breakdown setups. The current XMR/USDT structure shows this exact setup with lower lows and failing highs. If Monero closes below the trend line, further downside toward lower targets remains likely.
This movement raises a pressing question: Can Monero regain strength or will it confirm a trend continuation to deeper support levels?
Daily Structure Signals Breakdown Continuation
The current structure shows Monero’s failure to reclaim the daily high near $334, rejecting from that level multiple times. Traders observed that the price formed a sharp reversal and began consolidating beneath both the 50-period and 200-period moving averages. These moving averages often act as strong indicators of near-term momentum changes.
Technical analysis posted on June 13, 2025, outlines two clear potential outcomes. One is a re-sweep of the daily low followed by a bullish reclaim. The second is a close below the low, confirming a continued downtrend. Traders closely monitor this area as it represents a major decision point for momentum direction.
At the time of observation, Monero was trading around $308.90. A continued drop below this figure would open the path to test levels near $300 and $296. In such setups, price typically aims to sweep liquidity at the lows before establishing new directional moves.
Flash Low Levels Set Up Next Leg Moves
The initial flash move swept the daily low, which has now become the focal point for price reaction. According to the chart setup, the lows made during this flash are critical and may determine whether the trend continues downward or stabilizes. Market structure suggests price action will either retest or breach these levels to trigger the next key move.
Crypto analysts have noted this setup across multiple altcoins. If Monero follows this script, a clean break below $308 with a candle close may confirm a trend lower. The downward arrows marked on the structure indicate that price action could follow a stair-step pattern toward lower zones.
Such market behavior often reflects institutional order flow, where liquidity is targeted around key daily ranges. A failure to reclaim above the previous low often confirms distribution zones and may trigger further selling pressure. If reclaimed, the scenario flips into a range reversal strategy.
Trade Structure Mirrors Broader Altcoin Patterns
This chart structure can now be identified across several altcoins, with similar price action appearing post-flash moves. These patterns typically begin with a sweep of daily lows, followed by range formation. Traders then wait for confirmations through volume and close direction before entering trades.
For Monero, the high-probability trade is to re-sweep and reclaim if the range holds. However, failure to reclaim the $308 support could confirm extended losses. The visual pattern shows projected movements toward $296 or lower depending on session volatility.
This trade setup now attracts growing attention, especially among short-term traders seeking structure-driven entry points. It reflects broader volatility across alt markets, where price reacts strongly around daily highs and lows.
