$XMR After a strong panic sell-off, XMR found solid support near 275–280 and bounced sharply, forming a higher low. This indicates a short-term recovery, but the broader trend is still under pressure.

Moving Averages

Price is trading above MA7 (328) and MA25 (319) → short-term bullish strength.

Price is still below MA99 (351) → overall trend remains bearish.

MA99 is acting as a major resistance zone.

RSI (6) – 57

RSI is in a healthy bullish range.

Momentum favors buyers, but it’s not overbought.

Key Levels

Immediate Support: 319–322

Strong Support: 300–305

Resistance: 335–340

Major Resistance: 350–355 (MA99 + structure)

Market Scenarios

Bullish Scenario:

If price holds above 319 and breaks 335 with a strong candle close, a move toward 350–355 is possible.

Bearish Scenario:

A 1H close below 319 would signal a failed pullback and could push price back toward 305–295.

Conclusion This move looks like a bullish pullback after panic selling, not a full trend reversal yet.

Traders should wait for confirmation near resistance before opening shorts, and look for pullback confirmations near support for safer longs.