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Market activity around Monero XMR intensified after a strong daily surge pushed prices toward recent highs, with momentum strengthening as XMR climbed near $572 and drew renewed analyst attention. Interest increased following comments from analyst Ali Martinez on X, who noted that bullish sentiment remains strong while warning that structural risks have not disappeared.
Recent trading sessions have shown Monero extending sharply above prior consolidation levels, placing the asset close to long-standing resistance zones that traders continue to closely monitor.
Daily Indicators Signal Overextension Risk
On the daily chart, Monero closed near the upper Bollinger Band around $531, a position that reflects strong upside momentum but signals short-term exhaustion risk. Additionally, price trades well above the 20-day moving average near $452, indicating accelerated buying pressure over a brief period.
Momentum indicators support this setup as the 14-day RSI reached 78.69, a level linked to overbought conditions. However, the RSI average remains near 56.67, showing broader trend strength despite the likelihood of near-term cooling.
Source: Tradingview
Volatility expanded as the price moved beyond recent ranges, which often precedes consolidation or retracement phases. Consequently, traders are closely monitoring price behavior for signs of stabilization.
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Structural Levels Keep $220 in Focus
While daily momentum appears stretched, higher-timeframe structure remains a central focus, with Monero trading below the major $517 resistance that previously capped upside moves. Failure to hold above this region has historically led to pullbacks toward stronger support, and according to Ali Martinez, $220 represents a critical confluence tied to long-term trendline support.
Intermediate price areas near $272 and $361 remain relevant during any corrective phase, as these levels previously acted as consolidation zones in earlier market cycles. Volume behavior during the recent rally has remained steady, hence no clear signs of aggressive distribution have appeared so far.
Derivatives data also shows moderation after a rise in leveraged positioning, suggesting momentum may slow rather than reverse sharply. Market participants continue monitoring whether the price sustains above $470, as holding that area would influence short-term expectations across trading desks.
Monero remains within a broader bullish structure despite short-term technical strain, and price behavior around key resistance and support levels will determine the next phase of market direction.
Also Read: Bitcoin Surges While XRP, BNB, and Bitcoin Cash Slip in Mixed Crypto Session
