Is Monero (XMR) on the verge of making a significant move? Monero, one of the prominent coins that are mostly used for privacy, has been able to keep traders and investors quite buoyed in the past. The last 24 hours have seen the price level of XMR rise and fall in a narrow band for a building pressure of volatility. The price of Monero faces stiff resistance around $231.50, while major support is held at $226.00. Despite several bullish signs, the XMR Breakout is yet to take place, keeping the asset consolidated. Technical patterns comprising many golden crosses with a death cross noted on the MACD build a case for a swift shift in momentum.
XMR Price Action Analysis of 26th April, 2025
Monero (XMR) initiated its trading activity by reaching the price point of $227.22 in the last 24 hours. The XMR Price fluctuated in a horizontal trading zone while maintaining firm limits during its price movements. Solid resistance blocked the XMR Price at $231.50 before traders found strong support at $226.00. The price movement during the start of the period stayed confined within these narrow boundaries without forming an apparent XMR Breakout.
Chart 1, analysed by Anushri Varshney, published on TradingView, April 26, 2025
The market witnessed a positive price shift after the MACD displayed its first golden cross at 02:30 UTC UTC. The price movement stayed restricted to the existing boundaries. Buyer optimism received another confirmation with a second golden cross at 06:00 UTC yet this development still did not enable XMR Price to overcome the resistance area. The medium-term ascent became a probable event through two additional golden MACD crosses that emerged during the day. During UTC 19:00, another golden cross appeared but the price activity stayed neutral suggesting traders were indecisive. At UTC 03:00 on April 26 the death cross formed on MACD which created mild bearish conditions that caused XMR Price to draw nearer to its support zone.
The RSI indicator once visited the overbought territory at 18:30 UTC indicating it was time for the buyers to experience fatigue. Following its peak the Relative Strength Index showed a continuous decline which indicated market temperatures were decreasing. Currently, Monero Price hovers near $227.34, slightly above its key support level. A confirmed breakout of XMR above $231.50 requires a considerable catalyst to initiate a new uptrending pattern. Any price movement below $226.00 will increase the likelihood of deeper price drops.
Monero Price Prediction: What’s Next for Litecoin
Monero (XMR) on April 26 was still trading in a horizontal tight range fluctuating between the support level at $226.00 and the resistance level at $231.50. A breakout in XMR was not realized even after several golden crosses on the MACD throughout the day. A death cross was formed during the earlier hours of April 26, indicating a reduction in bullish endurance. After the latest session, XMR is consolidating at $227.34 with strong resistance from sellers, and should we not take action for a breakout, the Monero Price stands to revisit the lower support band in the event bearish pressure cranks up.
Monero Awaits Its Next Move
Monero (XMR) got caught in a narrow range still no breakout above the resistance level of $231.50 or below the support level of $226.00. These multiple bullish signals including golden crosses on MACD are detected, but the momentum was not quite powerful enough to stay amongst bullish upward movement. The presence of a recent death cross makes the scenarios more unperplexing to the indecisiveness of the market. As long as the XMR Price remains within this horizontal channel, traders should watch for a breakout in volume to confirm a new directional trend. For now, the narrative continues to be a sideways consolidation, and caution can be exercised.
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