- The positive signal on Monero’s three-day chart indicates declining sell orders, potentially leading to market recovery.
- XMR needs trading pressure to break through $220 to $230 resistance while staying above $200 to $205 support, ensuring bullish action.
- The expanding trading range and rising volume suggest accumulating investor interest, which may lead to a breakthrough if momentum remains strong.
Monero’s trading volume is $121.74M with a market cap of $4.02B, market dominance at 0.14%. The XMR price rose by 3.74% in the past 24 hours and improved by 2.7% versus Bitcoin (BTC), confirming its market stance. XMR prices showed medium volatility, fluctuating between $209.60 and $226.36.
Analyst Ali highlights a significant development in Monero’s price movement, noting that the TD Sequential indicator has flashed a buy signal on the three-day chart. This comes after the indicator identified a recent price peak, suggesting a potential shift in market momentum. The buy signal indicates that selling pressure may be easing, paving the way for a price rebound.
> “After perfectly timing the top, the TD Sequential indicator is now flashing a buy signal on the #Monero $XMR 3-day chart!” — Ali (@ali_charts) March 1, 2025
Market Context and Recent Performance
Monero has witnessed a downward trend as recent price action showed consecutive bearish candles. At analysis time, cryptocurrency’s price stood at $210.25, with support levels facing pressure. The ongoing trend may attract buy-side interest from market players due to the TD Sequential buy signal, anticipating a momentum reversal.
Monero’s price trajectory suggests a bullish trend, with consistent gains bolstering positive momentum. Price increase and trading range expansion indicate rising investor interest and accumulation potential. If Monero sustains this momentum, it may attempt to breach resistance levels above $230.
Potential Implications for Monero’s Price
A confirmed TD Sequential buy signal could lead to consolidation or an increase in Monero’s price. Key resistance levels to watch are $220 and $230, with support between $200 and $205. Continuous upward movement above resistance can enhance bullish forecasts, but any failure to maintain support could prolong downward trends. A stronger overall market could provide further support for Monero’s recovery.
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