XMR advances as MACD and ADX maintain buy signals: weekly forecast

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Monero gains 6.29% this week

Highlights

Monero remains in a bullish trend, trading well above key moving averages with medium- and long-term momentum intact.
Weekly upside momentum is strong but oscillators show mixed signals, indicating potential for reversal from elevated levels.
XMR is projected to consolidate in the $382–$442 range with a 75% probability of further gains, while support lies at $375–$358.

Momentum and buy signals intensify even as indicator divergence appears

Weekly technical signals stay broadly bullish, with the MACD and ADX both generating buy signals and supporting ongoing upward momentum. RSI on the weekly chart sits at 52.56, allowing potential for additional upside without nearing overbought levels, though the Bull/Bear Power indicates buyers are currently dominant and the market may be stretched. The Stochastic RSI and CCI are neutral, while the Awesome Oscillator is not in line with the bullish stance, suggesting possible divergence in some momentum indicators. Key weekly support levels are found at $382, $375 (MA-20), and $358 (MA-50), with resistance at $442 and a higher Ichimoku Kijun at $538.54 serving as a distant upside reference.

Sideways-to-bullish bias seen next week amid key breakout levels

Looking ahead over the next 7 days, XMR is projected to range between $382 and $442. With 3 out of 4 major indicators (RSI, ADX, and MACD) still signaling buy or strong buy, there is a 75% probability of further upward movement, making a sideways-to-bullish scenario most likely. If upward pressure persists, a break above $442 could set the stage for further gains; conversely, a pullback below $382 would point to short-term weakness, with the MA-20 and MA-50 ($375–$358) as the next significant support levels to watch.

Jainam Mehta, market strategist, highlights Monero’s sustained strength above all key weekly averages this week, reflecting solid medium- and long-term momentum. He notes that despite broad bullish signals from MACD, ADX, and RSI, some mixed readings in oscillators call for tactical caution as price consolidates near the recent highs. Mehta sees a scenario where price action may oscillate between $382 and $442, with a breakout above resistance signaling renewed upside potential, while a loss of $382 could trigger profit-taking toward support at $375–$358. "With 75% of key signals still bullish, I plan to ride the trend while trailing stops, but I won’t chase breakouts if divergence among momentum oscillators widens further this week."

Earlier, analysts noted that Monero was exhibiting a strong uptrend but faced mixed signals from momentum indicators, suggesting potential consolidation ahead. With the current bullish structure reinforced by most weekly signals and a clear, yet unresolved, divergence in some oscillators, traders should watch for any decisive move above $442 to confirm bullish continuation or a break below $382 as an early sign of short-term weakness.

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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