Monero drops 1.90% as price stays pressured below MA-20, MA-50, and MA-200 resistance

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Monero slips 1.90% over the week

Highlights

Monero is trading at $322.12, remaining below the MA-20 ($333.57), MA-50 ($439.69), and MA-200 ($364.75), signaling persistent bearish momentum across all timeframes.
Oversold conditions dominate as RSI stands at 34.19 and multiple momentum oscillators (Stochastic RSI, CCI, Bull/Bear Power) indicate strong seller pressure and potential for a short-term bounce.
Expected five-day range is $290–$355, with $355 as key resistance for a bullish reversal and $290 as crucial support for avoiding a bearish breakdown.

Bearish momentum dominates this week as indicators confirm oversold state

Monero continues to trade below critical moving averages (MA-20, MA-50, MA-200) on the weekly timeframe, confirming a prevailing bearish trend. The Ichimoku Kijun resistance stands at $389.07, while the nearest support is anchored at recent local lows just above $300. Weekly indicators highlight significant selling momentum: the MACD issues a strong sell signal, ADX is in a sell state, and momentum oscillators (RSI at 34.19, Stochastic RSI, CCI, and Bull/Bear Power at -6.57) all flag oversold conditions, suggesting a heavily bearish market. Volatility picked up with a gap down at the start of the week, but the price currently hovers near the upper end of the $302.80–$327.29 range, reflecting moderate intraperiod recovery.

Downside favored for next week as major signals reinforce bearish bias

For the coming week, Monero is expected to trend within a $290–$355 range, with technical signals strongly favoring further downside or a period of sideways movement beneath resistance. The probability of a sustained rebound remains low, as weekly moving averages, MACD, and RSI continue to signal selling dominance, despite oversold conditions hinting at the potential for a short-lived bounce. A break above $355 would signal a possible bullish reversal and shift momentum, while a move below $290 could trigger accelerated losses, confirming a broader bearish breakdown.

Last time, analysts noted that Monero remains under significant downward pressure, trading below all key weekly moving averages and facing persistent bearish signals as weekly RSI and MACD indicate continued weakness. The asset is expected to remain rangebound between $300 and $365 in the coming week, with dynamic resistance near $406.75 and limited probability of a sustained rebound without a decisive move above major resistance levels.

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

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