Monero Faces Resistance Near $360 as Bulls Defend Key Support

[kevin1]

Monero (XMR) is encountering strong resistance around the $360 level as sellers attempt to halt the current upward momentum. Despite the pressure, buyers are trying to maintain control by defending the 20-day exponential moving average near $347, which has become a crucial support area.

If XMR rebounds from this level, the next key target could be the 50-day simple moving average around $396. A successful breakout above that level could push the price toward the $414 Fibonacci retracement zone. On the downside, a drop below the 20-day EMA may keep Monero stuck in a wider consolidation range between roughly $302 and $384.

[etfs]

Monero stuck between $302–$384… feels like watching paint dry but with money on the line