- Monero briefly tagged $440 before dropping 10%, but it remains one of the strongest-performing major privacy tokens in recent weeks.
- Weekly indicators show solid bullish momentum, while daily metrics and the liquidation map point to a likely pullback toward the $350–$360 area.
- As long as key swing lows at $233 and $320 hold, the dip may create a strong buying window for traders targeting the next move toward $440 and potentially $518.
Monero made another attempt at the $440 resistance on Sunday, the 30th of November, but the effort didn’t last long. Once Bitcoin slipped back under $90k and dragged the entire market into a downturn, XMR got hit with a wave of selling pressure too. From that local high, it’s already dropped about 10.6%. Still, it was one of the only large-cap privacy coins even trying to push into new-high territory during the recent stretch, which speaks to how unusual its behavior has been.
Compared to other major privacy tokens like ZCash and Dash, Monero has looked surprisingly sturdy. Since the start of November, XMR has climbed nearly 16%, while ZEC and DASH have plunged—down 22.5% and 15.2% respectively. But zoom out just a little and the picture shifts. Since September, ZCash has exploded with a massive 760% rally, while Monero has managed only about 50% gains over the same period. Strong, but nowhere near the fireworks happening elsewhere.
Because XMR has shown so much relative strength in the past ten days, AMBCrypto dug into whether this momentum still has room—or whether the next move might cut deeper first.
Bullish Trend Still Intact, But With Cracks Showing
On the weekly chart, Monero managed to break above its previous high at $420, marking a clean bullish continuation. The next big target overhead sits near $518—the April 2021 peak that hasn’t been tested in years.
The daily chart adds a bit more nuance. The structure remains bullish, but the imbalance zone around $360 stands out as a likely destination in the coming days. Price was rejected around $438, the mid-November high, which was a frustrating moment for bulls trying to break through.
Indicators Show Mixed Momentum
On the weekly timeframe, the Chaikin Money Flow (CMF) shows strong capital inflows—clearly bullish. But the daily CMF is far more indecisive, almost shrugging its shoulders at the short-term trend. The MACD shows the same contrast: powerful weekly momentum, softer daily momentum. It’s a split signal that traders often interpret as a warning of a near-term cooldown.
Liquidation Map Shows the Path of Least Resistance
Liquidation levels reveal something important: long liquidations down to $355 carry more cumulative leverage than the shorts sitting up toward $435. When long-side liquidations outweigh shorts, price tends to drift downward until those levels get swept.
This suggests that a move toward $355–$360 is more likely before XMR makes another attempt at the upside. Meanwhile, there’s a chunky cluster of short liquidations between $440 and $450, meaning that if bulls regain control, that area could fuel a sharper breakout.
Bulls and Bears: What Comes Next for XMR
Two key swing lows—$233 and $320—must hold if Monero wants to protect its larger bullish structure. Losing either one would break confidence fast. But the current imbalance plus the liquidation setup both hint that a dip is still likely.
If XMR slides into the $350–$360 region, it could turn into a major buying opportunity, especially for traders waiting for a clean, technical retest before reentering. As long as support holds, the bullish case remains alive, and the path toward $440+ stays open. The next few sessions should reveal whether this drop is just a healthy reset—or the early stages of something deeper.
