Monero is showing clear rejection signals at the upper boundary of its trading range. The price action here tells a story—strong resistance at these levels, which typically precedes a pullback. Based on this pattern, the logical move would be a decline toward the range's lower support level over the coming weeks.
The rejection we're seeing isn't accidental. When price hits that ceiling and reverses sharply, it's usually a matter of time before it explores the floor. Range-bound trading thrives on these bounces between extremes, and Monero appears primed for the downside leg.
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LuckyHashValue
· 12-27 00:57
XMR seems to be heading down this time, the ceiling has hit a hard limit.
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DYORMaster
· 12-27 00:56
XMR's top pattern is very obvious this time. It feels like it's going to drop further. Range trading is just this kind of repeated torment.
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GmGnSleeper
· 12-27 00:52
Here we go again with the same old story, resistance and support. I think XMR is just not exciting.
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BetterLuckyThanSmart
· 12-27 00:45
Hmm... XMR is about to crash, it looks pretty painful.
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OnChainArchaeologist
· 12-27 00:44
It's the same old trick again. XMR gets hammered down from the top, and then it has to fill the bottom... Range trading is just like this, so boring to death.
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IfIWereOnChain
· 12-27 00:34
The same old pattern of falling again, has XMR really hit the top this time?
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MetaMisfit
· 12-27 00:32
Is XMR going to drop? I saw it coming a long time ago. This rally is just a weak rebound, with the ceiling firmly holding it down.
XMR/USD Technical Outlook
Monero is showing clear rejection signals at the upper boundary of its trading range. The price action here tells a story—strong resistance at these levels, which typically precedes a pullback. Based on this pattern, the logical move would be a decline toward the range's lower support level over the coming weeks.
The rejection we're seeing isn't accidental. When price hits that ceiling and reverses sharply, it's usually a matter of time before it explores the floor. Range-bound trading thrives on these bounces between extremes, and Monero appears primed for the downside leg.