Monero price is currently trading near $332, little changed over the past 24 hours, with gains of approximately 2.5% on the day. Trading volume fell 12.5% to $670.9 million, even as market capitalization rose to $6.13 billion. The session was shaped by competing technical interpretations after a sharp run-up earlier this month.
The price action in XMR was subdued despite recent price highs, with buyers withdrawing from the market as trading activity slowed. The Monero price action was calm as it held above the lower end of the price range.
Analysts Split as Monero Price Consolidates Near Support
Technical commentary has leaned cautious in the near term. Ali Charts pointed to a completed TD Sequential sell signal on the four-hour chart, noting that the indicator previously marked a local top before price pulled back. That setup has since turned into a buy signal, suggesting that downside momentum has eased following the recent decline.
Others remain focused on lower support zones. DrBullZeus flagged the risk of XMR price dipping into a broader “bottom zone” before any sustained reversal, highlighting the $260–$320 area as a region traders continue to monitor. That view reflects caution after the sharp move higher and the subsequent retracement from intraday highs.
Meanwhile, the longer-term structure has drawn more constructive takes. CryptoBull 360 described the three-day chart as forming a broadening wedge, with trend support recently retested and defended. From that angle, the bounce off support suggests buyers are still active on pullbacks, even as momentum cools.
Market data underline that tension. The price is currently around $332, with volumes contracting, which is typical of consolidation rather than continuation of the trend.
The failure to hold above $340 has changed the tone to patient rather than aggressive, with traders waiting to see whether the price will test the support levels or whether demand will be forthcoming. The all-time high is still some distance away at $799, so the trade is currently in the range rather than the breakout phase.
For now, the Monero price remains stable. Selling pressure has faded, but conviction buying has not returned. Until volume expands again, XMR price is likely to remain boxed between nearby support and the upper end of the recent trading range.
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