Sellers gain control as technicals turn bearish

Traders Union
All News
Crypto
Monero drops 7.75% to $489 today

Highlights

XMR is trading at $489.27, currently below its 20-day Moving Average ($545.39) but above its 50-day ($473.46) and 200-day ($356.92) Moving Averages, indicating short-term bearishness against longer-term support.
Momentum indicators present mixed signals: the MACD suggests strong upside potential, but RSI and Stochastic RSI are oversold and Bull/Bear Power is deeply negative, reflecting seller dominance.
Key dynamic support lies at the 50-day Moving Average near $473, with resistance at the Ichimoku Kijun ($605.56); expected five-day trading range is $475–$515 with 80% probability of consolidation or upside.

Seller dominance deepens as bearish momentum and oversold signals align

The closest dynamic support is near the 50-day Moving Average at $473, with resistance defined by the Ichimoku Kijun at $605.56. The daily MACD signals strong upside potential, but the RSI and Stochastic RSI point to oversold conditions. The ADX indicates a firm trend, while Bull/Bear Power is deeply negative, highlighting sellers' dominance during the session. The market experienced a significant drop after the open, moving from a high of $508.09 to a low of $484.50, with most oscillators bearish or oversold and near-term divergence persisting as sellers apply pressure.

Bullish breakout scenario favored amid consolidation and strong indicator support

For the next five trading days, XMR is expected to remain within a volatility band of $475 to $515, or roughly 10% from current levels. The probability of a price increase is high (80%) given the bullish alignment of weekly MACD, ADX, RSI, and Moving Averages. In the baseline scenario, XMR consolidates in the $475–$515 corridor. A bullish breakout targets the $530–$540 range, while a break below $475 could accelerate downside toward medium-term support as sellers regain control.

Viktoras Karapetjanc, analyst at Traders Union, sees sustained optimism for Monero as it holds above key medium- and long-term moving averages. He notes sellers remain active in the short term, but bullish technicals on higher timeframes support a recovery scenario. The current volatility band of $475 to $515 offers traders a well-defined range, with a high probability for upward price action. He believes sentiment and broader trends still favor buyers despite near-term pressure. "If XMR can sustain above $475, I expect a move toward $530–$540 as bullish momentum builds," says Karapetjanc.

Previously it was reported that Monero is experiencing short-term bearish pressure as it trades below the MA-20 but above the MA-50, while the MA-200 trend remains firmly bullish and dynamic resistance is set by the Ichimoku Kijun. Momentum indicators are mixed, with the MACD signaling a buy and the RSI and Stoch RSI indicating oversold conditions, suggesting that despite increased selling volume and heightened volatility, near-term support and long-term strength remain intact.

Source of Data: XMR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.