Monero XMR Rebounds as $380 Test Approaches
Monero XMR is gaining market attention as it rebounds from the $360 area while approaching a critical resistance level around $380. This move follows a sharp downswing that pushed the cryptocurrency into a major demand region, where buyers quickly stepped in. Now the central question for traders is whether this recovery has enough strength to break through the overhead supply zone or if the recent bounce is only temporary. The behavior of price action around the $380 barrier will likely determine the next decisive move for Monero.

The one-month price chart from CoinMarketCap highlights how Monero XMR has navigated a period of sharp volatility, moving from its late-month pullback near the $360 area into a steady recovery. The chart visually reinforces the recent shift in momentum, showing how buyers began stepping in around key demand zones after a broader market cooldown. This upward reaction aligns with the current technical outlook, where XMR is attempting to build strength toward the $380 resistance level. The chart also illustrates the tightening price range that has developed, suggesting that a decisive breakout or rejection could be approaching as momentum compresses.
Why Monero XMR Is Entering a Pivotal Phase
The recent price action is notable because Monero XMR had been showing increased volatility in the short term. Analysts had expected a potential retracement toward the $355 to $360 region, and that scenario played out almost exactly. Once price touched this area, buyers responded quickly and pushed the market upward. This rebound forms an early sign that demand is still strong at lower levels, but it remains unclear whether that strength can shift the broader market structure into a sustainable uptrend.
The recovery also places XMR directly in front of a historically meaningful resistance level. The $380 zone has repeatedly acted as a supply region where sellers tend to regain control. Understanding how price behaves here is essential for projecting Monero’s next trend direction.
Technical Structure Supporting the Bounce
Daily Trend Outlook With Monero XMR
On the daily timeframe, Monero XMR has formed a higher low around $360. This is an important development because higher lows often indicate an early sign of bullish strength. Additionally, the previous decline from the $417 to $438 region created an imbalance zone near $390. That area may now act as an overhead supply region that could slow upward momentum.
Below current price levels, the $360 region continues to function as a notable demand zone. If the market returns to this level, how price reacts will help confirm whether buyers maintain control. A strong defense of this area would reinforce the idea that the rebound is more than a short-term bounce.
However, it is equally important to recognize that recent internal structure had been leaning bearish. Even though the higher low appears promising, it does not guarantee continuation unless Monero breaks key resistance levels convincingly.
Hourly Chart and Short-Term Resistance Levels
Zooming into the hourly chart offers more clarity on immediate challenges. The $380 level stands out as a well-defined supply zone created after earlier sell-offs. So far, the shorter-term bullish trend has carried XMR closer to this region, but a failure to break through could lead to short-term weakness.
One key level to monitor is around $369.6. A drop below this level on the hourly chart could shift short-term momentum back in favor of sellers. Even though volume indicators such as On-Balance Volume have improved, these signals alone are not strong enough to guarantee a breakout above $380 unless buyers remain active.
Liquidity Considerations and Market Dynamics
A sharp 17 percent decline from the $438 region down to $360 wiped out several liquidity pockets, including one near $385. As price now moves upward again, these liquidity areas become points of interest because the market often revisits such zones.
Over the past one to two days, Monero has consolidated just beneath the $380 level. This type of consolidation can build up liquidity above current price. If buyers manage to pierce through resistance, these liquidity clusters may encourage further momentum as stop orders and short liquidations get triggered. This could help push price toward higher resistance levels such as $400 or even $420.
However, the opposite scenario is also possible. If the supply zone stays firm, XMR may struggle to gather enough momentum, resulting in another downward push. Traders should remain alert to signs of weakening demand or a failure to maintain higher lows.
A Bearish Outcome Is Still Possible
While the bounce appears encouraging, several factors could still work against Monero XMR. Broader market conditions remain influential. For example, if major assets such as Bitcoin lose important support levels, Monero could easily be pulled downward regardless of its individual setup.
There is also some evidence that demand slowed shortly after the initial rebound. This raises the possibility that buyers may not have enough strength to sustain an extended push. Without continued pressure from bulls, the $380 zone may remain out of reach.
Should XMR fail to break through resistance and instead lose the $360 support area, traders would likely interpret this as a bearish signal. Such a move would suggest that the rebound was merely corrective rather than the start of a renewed uptrend.
What Traders Should Watch Next
Monero XMR is approaching a decisive moment, and several key levels will guide traders in the coming days:
- A break and close above $380 with strong volume would hint at a potential shift into bullish momentum.
- Transforming the $380 zone from supply to demand would provide confirmation that the market favors continuation upward.
- A drop below $369.6 on lower timeframes could hint that the short-term uptrend is weakening.
- Loss of $360 support would invalidate much of the bullish structure and could spark deeper declines.
- Broader crypto sentiment, particularly Bitcoin’s direction, will likely influence Monero’s ability to sustain its rebound.
Final Takeaway
Monero XMR has rebounded strongly from the $360 demand zone, but the upcoming test of the $380 barrier will determine whether buyers truly have the upper hand. If bulls break through with conviction, Monero could shift toward higher targets and leave the recent correction behind. If sellers defend the zone, the rebound risks losing momentum. For now, traders should stay attentive to price action as Monero approaches this critical point.
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