While the market keeps chasing shiny narratives and meme hype, Monero (XMR) is quietly fighting for survival at one of its most important technical levels in months. After a sharp 8% sell-off on Sunday, XMR has now printed its fourth consecutive red daily candle, putting the structure under serious pressure.

At the time of writing, XMR is trading slightly higher by around 1%, as bulls attempt to defend the critical $350 support zone. However, the bigger concern is that price remains below the 50-day EMA at $371, signaling that short-term trend control has flipped to the bears.

If this $350 floor gives way, XMR could rapidly slide toward the 200-day EMA near $319, a level that often acts as the final macro-defense in trending markets.

Monero at a Technical Crossroads: $350 Support or $319 Breakdown?

From a market structure perspective, Monero is currently trapped between weakening momentum and a historically reliable support zone.

Key Technical Levels:

Immediate Resistance: $371 (50-day EMA)

Major Resistance Zone: $390 – $400 (psychological & supply zone)

Critical Support: $350

Macro Support: $319 (200-day EMA)

So far, buyers have managed to absorb selling pressure at $350, but the structure remains fragile as long as XMR stays below the 50-day EMA.

A clean daily close below $350 would invalidate the short-term bullish defense, exposing XMR to a fast downside extension toward the $330 – $319 region.

On the flip side, a breakout back above $371 would flip short-term momentum bullish again, opening the door for a recovery toward the psychological $400 level.

Momentum Indicators Confirm Bearish Pressure Building

The daily indicators are no longer neutral — they are now tilting decisively toward downside risk.

RSI: Currently around 43, below the neutral 50 line → confirms selling pressure dominates

MACD: Lines are pressing near the zero level and sustaining a sell signal since the bearish crossover mid-week

Trend Bias: Short-term bearish, medium-term still undecided, long-term remains structurally bullish above the 200 EMA

This combination suggests that the bears currently control momentum, and bulls must reclaim $371 quickly to avoid a deeper correction.

What Happens If $350 Breaks?

If the $350 support fails, the next likely path is:

A liquidity sweep toward $330

Followed by a full test of the 200-day EMA near $319

That zone is extremely important because:

Institutions often use the 200 EMA for macro trend validation

A clean break below it could trigger trend-following sell pressure

A strong bounce there could fuel the next medium-term accumulation phase

In other words, $319 is where the next major battle will be fought if $350 fails.

🔥 XMR Trading Plan (High-Probability Setup)

Not financial advice. Educational setup only.

🟢 Buy Zones:

Primary Buy: $348 – $355 (support defense zone)

Deep Dip Buy: $320 – $325 (200-day EMA + macro demand)

🔴 Sell / Short Zones (Aggressive Traders):

Rejection Sell: $370 – $375 (50-day EMA resistance)

Breakdown Short: Daily close below $348

🛑 Stop Loss:

Long SL: Daily close below $315

Short SL: Daily close above $382

🎯 Take Profit Targets:

TP1: $371

TP2: $395 – $400

TP3: $430 – $450

Extended Bull Target: $480+

Risk-to-reward remains favorable only while $350 holds. A confirmed breakdown flips the entire bias to bearish.

Final Verdict

Monero is no longer in a comfortable trend. It is now trading:

Below short-term resistance

Above critical structural support

With weakening momentum

This makes XMR a high-risk, high-opportunity asset at the current zone.

Either bulls will defend $350 and force a recovery toward $400,

or bears will crack the level and drag price straight to the 200-day EMA.

There is no middle ground anymore. XMR is about to make a decisive move.

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