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.
Summary
- Monero reclaims the 200-day moving average, signaling renewed bullish strength.
- Price structure confirms higher highs and higher lows on the daily timeframe.
- A daily close above $344 could trigger a breakout toward $402.
Monero (XMR) has broken out of its range and re-established a bullish trend. This recovery signals renewed strength as the price trades confidently above the 200-day moving average, a key technical threshold that often defines long-term directional bias.
The recent rally is supported by strong trading volume and a confirmed higher-high formation on the daily chart, indicating that momentum is favoring buyers. Monero’s previous consolidation in a bullish pennant after rebounding from $230, signaled a breakout toward these resistance levels.
Monero price key technical points
- Support: $231, the equilibrium base where the bullish reversal began.
- Resistance: $344, high-timeframe resistance aligned with the value area high.
- Target: $402, projected extension level if $344 is broken on a closing basis.
Monero’s uptrend began to materialize once the price rebounded from the $231 low and established a prolonged equilibrium phase. This period allowed for accumulation before a decisive bullish breakout reclaimed the value area low. The initial rally faced rejection at the point of control, but a secondary impulse confirmed a clear market-structure shift, with consecutive higher highs and higher lows forming on the daily timeframe.
Reclaiming the 200-day moving average provided significant technical confirmation of this trend reversal. Historically, Monero has maintained extended uptrends when price sustains above this level, as it acts as both dynamic support and a confidence signal for market participants. The ongoing structure suggests a sustained bullish phase, with traders increasingly positioning for continuation while the moving average remains intact.
Volume analysis reinforces the bullish outlook. Recent trading sessions have shown expanding buy-side volume with multiple bullish engulfing candles, signaling aggressive participation from buyers.
This buildup is now pressing against the $344 resistance zone, which aligns with the value area high and serves as the final major barrier before continuation toward $402. A strong close above $344 would confirm a breakout and trigger renewed buying momentum across higher timeframes.
What to expect in the coming price action
If Monero maintains support above the 200-day moving average and secures a daily close above $344, a continuation move toward $402 becomes likely. Should resistance hold temporarily, a short-term consolidation between $300 and $320 may form before another breakout attempt.
With volume rising and trend structure firmly bullish, the broader outlook for XMR remains favorable as long as the 200-day moving average continues to act as a foundation for price expansion.
