Monero price is showing renewed bullish momentum after reclaiming the $300–$350 zone, with XMR nearing a three-month high near $358. Short-liquidation clusters around $343–$350 could fuel a swift push higher, making $360–$420 the next logical targets if daily support holds.
-
$343–$350 is a dense short-liquidation pocket acting as a magnet for price action
-
On weekly and daily charts, OBV and RSI confirm buying momentum without overextension
-
Short squeezes could propel XMR toward $360, then $420 if $350 flips to support
Monero price surges toward $358 as bullish momentum builds; read the technical analysis and next levels for XMR — full breakdown and action plan.
What is driving Monero price momentum?
Monero price has rallied toward $358 on strong buying pressure, reclaiming key imbalances and Fibonacci support levels. Weekly and daily indicators, including OBV and RSI, show sustained accumulation and room to extend without clear overbought readings.
How has XMR performed versus Bitcoin recently?
In the recent trading window XMR outperformed Bitcoin, rising about 8.7% while Bitcoin fell roughly 3.48% from its local high. This relative strength highlights renewed investor interest in the privacy token and suggests rotation into mid-cap crypto assets.
Is $350 a critical level for Monero?
$350 has historically acted as a resistance cluster and a liquidation magnet. Short-liquidation density between $343–$350 increases the probability of a short squeeze that could accelerate a move to $360 and beyond if the zone is absorbed and flips to support.
On the weekly timeframe XMR bounced from an imbalance near $250 following a 2025 high of $419.85. The retracement favored the 78.6% Fibonacci area (~$235.46), producing a bullish reaction that supports the view of continuation toward the May peak and the 23.6% extension near $475.2.
Volume-based metrics show accumulation. The On-Balance Volume (OBV) trended higher during the 2025 rally, while the Relative Strength Index (RSI) has not reached extreme levels on the weekly chart. Together, they suggest momentum with room to run.
What does the daily chart reveal about short-term structure?
On the 1-day timeframe, a bullish structure break occurred on October 2, followed by a revisit to the $300 imbalance left during that breakout. Price action and indicators on daily and 4‑hour charts continue to favor buyers, making a re-test of $350 plausible in the near term.
Liquidation heatmaps (source: CoinGlass) across 1-week to 3-month lookbacks show concentrated short-liquidation clusters in the $343–$350 band. Such pockets frequently attract price as stop-hunting and margin unwind events occur, lending credence to the view that XMR will revisit the area.
Frequently Asked Questions
What are the immediate support and resistance levels for XMR?
Immediate support sits near $300 (recent imbalance) and $250 on the weekly. Resistance clusters at $343–$350, with next significant barriers near $419 and the 23.6% extension around $475.
How should traders manage risk around the $350 zone?
Use tight risk management as the $343–$350 zone can produce rapid moves due to liquidation events. Consider scaling positions and using daily closes rather than intraday wicks for confirmation.
Key Takeaways
- Liquidation pocket matters: The $343–$350 short-liquidation cluster increases the chance of a squeeze and swift upside.
- Multi-timeframe bullish signals: OBV and RSI across daily and weekly charts confirm momentum without clear overextension.
- Actionable levels: Watch $300 for support, $343–$350 for a decisive break, and $360–$420 as intermediate targets.
Conclusion
Monero price is demonstrating strong technical momentum, supported by accumulation and concentrated short-liquidation zones. If XMR flips $350 to support on the daily timeframe, the path toward $360 and higher becomes more plausible. Monitor volume, structure, and liquidation density to time entries and manage risk.
Sources: TradingView, CoinGlass, market price data. Author/Organization: COINOTAG. Published: 2025-10-09. Updated: 2025-10-09.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
