Monero price prediction: further selloff or rebound? XMR down 7.59%
Monero (XMR) is trading at $365.76, which is below both the MA-20 ($392.66) and MA-50 ($367.65) but well above the MA-200 ($321.80), suggesting persistent short-term and medium-term selling pressure but sustained long-term support.
Highlights
- XMR trades at $365.76, below the MA-20 ($392.66) and MA-50 ($367.65) but above the MA-200 ($321.80), reflecting persistent short- and medium-term selling pressure with sustained long-term support.
- The daily decline of $30.03 or 7.59% occurred without a price gap and pushed XMR near session lows, amid volatile, seller-dominated intraday momentum with oversold technical readings.
- Weekly indicators imply over 80% probability of price increase, projecting consolidation between $345.00 and $390.00 unless XMR breaks below $360.00, which could signal a slide toward $345.00.
Oscillator divergence intensifies as sellers drive intraday volatility
The nearest dynamic support is the Ichimoku Kijun level at $378.40, while the MA-50 at $367.65 acts as the closest key resistance in the current range. Momentum readings are mixed: while the daily MACD indicates strong upside bias and the ADX signals a generally healthy trend, most intraday timeframes flash "Sell" or "Oversold" warnings. Stoch RSI, CCI, and BBP all classify current conditions as oversold, confirming that sellers dominate the recent intraday momentum. The RSI sits just above neutral at 51.74. The daily loss of $30.03 or 7.59% started without a visible gap between yesterday’s close and today’s open, and price action is now near the session low, reflecting high intraday volatility and heavy pressure after the open. Momentum and oscillator readings are in notable conflict, highlighting a divergence between underlying trend and current intraday sentiment.
Bullish scenario probable as indicators favor sideways stabilization
Looking ahead, the expected price range for the next five days is approximately $345.00 to $390.00, adjusted for current volatility. The probability of an increase is very high (more than 80%), while the likelihood of a further decline is very low (less than 20%), based on bullish readings from all key weekly indicators. The baseline scenario sees XMR stabilizing between support and resistance in a sideways corridor. A bullish scenario would require a sustained move above $378.40 and the MA-50, opening room toward the $390.00 — $400.00 band. In a bearish scenario, a decisive drop below $360.00 could trigger a test of long-term support near $350.00 — $345.00.
Previously it was reported that Monero remained in bullish alignment above all key moving averages, with momentum indicators such as MACD and ADX confirming continued upward pressure despite some mixed signals from CCI and Stochastic RSI. Upside volatility was pronounced, with buyers dominating intraday momentum and the next resistance seen near the $400 level, as detailed in the large upside move of 14.83%.
- Forex
- Crypto