Monero’s 8% Rally Sets Up a Major Technical Turning Point
Monero surged 8% in the past 24 hours, giving traders a strong burst of optimism after weeks of selling pressure. The rebound marks one of XMR’s most decisive moves of the month, but the daily chart shows the asset now pressing into a crucial resistance zone that has repeatedly capped upside attempts.
Despite the impressive short-term momentum, broader trend signals remain mixed. XMR continues to trade beneath its declining daily EMAs, and momentum indicators still lean bearish, suggesting that the market has not fully confirmed a reversal.
Analysts note that while the latest spike is encouraging, Monero must break through its immediate resistance levels to shift the medium-term structure.
Order book flows also point to a pivotal moment, with fresh buy-side interest entering the market while large sell walls remain stacked above current price levels. Traders are watching this interaction closely, as a decisive break could unlock a much larger move, while a rejection may push XMR back toward its recent support range.
As the market gains volatility, all eyes are on whether Monero can convert this short-term rally into sustained bullish momentum — or whether this bounce becomes another test of resistance in a still-fragile trend.
