$XMR experienced a notable long liquidation event, triggering forced selling as leveraged bullish positions were flushed from the market.
The liquidation-driven decline has increased short-term volatility and pushed price into a key demand zone where buyers will need to defend support.
EP
336.00 - 342.00
TP
TP1 350.00
TP2 365.00
TP3 385.00
SL
328.00
Liquidity was swept below recent support levels, removing excess leverage and creating a cleaner market structure.
The selloff appears primarily driven by liquidation pressure rather than a confirmed bearish trend reversal, making the current support area critical to monitor.
As long as buyers hold the demand zone and begin forming higher lows, the broader structure remains favorable for a recovery toward higher resistance levels.
A successful reclaim of 350.00 could attract renewed momentum and open the path toward the next liquidity targets.
The leverage reset has cleared weak hands from the market, and traders will be watching closely to see how $XMR responds around current levels.
Let’s go $XMR
