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Monero price approaches $334 resistance as 200 MA is reclaimed, why price can rally higher
Monero price has regained strong bullish momentum after reclaiming its 200-day moving average on the daily close, confirming a major structural shift in market sentiment. The privacy-focused asset now approaches high-timeframe resistance at $344, with traders eyeing an extension move toward $402.
Key takeaways
- Monero (XMR) reclaimed the 200-day moving average, signaling renewed bullish strength.
- Daily structure shows higher highs and higher lows, reinforcing an uptrend.
- A daily close above $344 could trigger a breakout toward $402.
Monero (XMR) has broken out of its prior range and re-established a bullish trend after consistently trading above the 200-day moving average — a widely watched technical benchmark for long-term momentum in crypto markets. This shift in market structure is backed by rising trading volume and a confirmed sequence of higher highs and higher lows on the daily chart, both of which favor buyers.
Price structure and technical setup
Monero’s uptrend began to take shape following a rebound from the $231 low. That low acted as an accumulation base, where consolidation allowed stronger hands to build positions before an eventual breakout. The move initially met resistance near the point of control, but a subsequent impulse leg validated the shift in market sentiment with clear higher highs and higher lows on the daily timeframe.
Reclaiming the 200-day moving average provided a key technical confirmation. Historically, XMR has sustained extended rallies when it remains above this moving average, which now functions as both dynamic support and a confidence signal for traders and investors. With the 200-day MA intact, market participants are increasingly positioning for continuation.
XMRUSDT (1D) Chart
Support, resistance and targets
- Support: $231 — the equilibrium base where the bullish reversal started.
- Resistance: $344 — significant high-timeframe resistance aligned with the value area high.
- Target: $402 — projected extension level if Monero closes convincingly above $344.
Volume analysis also reinforces the bullish outlook. Recent sessions have shown expanding buy-side volume and multiple bullish engulfing candles, indicating aggressive buyer participation. This increasing demand has pushed XMR toward the $344 resistance zone — the last major barrier before a likely run at the $402 extension.
What traders should watch next
If Monero can hold support above the 200-day moving average and secure a daily close above $344, the probability of a breakout toward $402 increases notably. Conversely, if the $344 zone proves resilient and sellers force a pullback, the market may consolidate in a $300–$320 range before attempting another breakout.
Maintain focus on volume dynamics and daily closes around the 200-day MA. A sustained rise in buy-side volume coupled with clean daily closes above resistance would strengthen the bullish thesis, while fading volume and repeated rejections at $344 would warn of a temporary stall or range-bound behavior.
Final outlook
Overall, the broader outlook for Monero remains constructive as long as the 200-day moving average continues to act as a reliable support floor. Traders and crypto investors should monitor key levels, volume, and daily candle closes to gauge whether the momentum can extend toward higher-timeframe targets. With privacy coins back on the radar, XMR’s price action will be closely watched across exchanges and on-chain activity for confirmation of a sustained uptrend.
Source: crypto
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