The post Monero Gains Momentum After Recent Sell-Off, Faces Resistance at $363 appeared on BitcoinEthereumNews.com.

Monero rebounds ~5% today, trading around $357, finding short-term support near the 7-day SMA at $326. Key resistance remains at the 200-day SMA around $363, with stronger levels between $430–$470 for any sustained upside. Monero (XMR), the privacy‑focused cryptocurrency, showing signs of stabilization on the daily chart after a significant sell-off from its January highs near $790. As of today, XMR trades around $340.26, consolidating in the $320 to $350 range following a sharp downtrend over the past week. After being triggered by a technical break‑and‑fail pattern, the current pattern reflects a rebound from recent intra‑week lows. This move follows a surge earlier in the year and subsequent correction. Monero Shows Bearish Trend, Key Levels in Focus Technical indicators from Binance’s daily chart highlight a predominantly bearish trend. The XMR price remains below critical moving averages, including the 30-day SMA at $470.47, 50-day SMA at $464.86, 100-day SMA at $431.80, and 200-day SMA at $363.14. However, it is holding just above the short-term 7-day SMA at $326.43, which currently provides immediate support. Zooming in, the Relative Strength Index (RSI) shows that momentum is still oversold, with a reading near -20.27, but recent RSI movements suggest a slight easing of bearish pressure, indicating a possible short-term recovery or consolidation phase. If XMR continues the uptrend the Key resistance lies at the 200-day SMA around $363, with stronger resistance expected between $430 and $470, where it failed to boost the bull earlier. A break above these levels would be necessary to signal a sustained reversal from the current bearish trend. If the price fails to maintain support near the 7-day SMA, it may retest recent lows near $270, marking another critical support zone. Highlighted Crypto News: ‌Ethereum Slips Toward $1,900 as Selling Pressure Intensifies Source: https://thenewscrypto.com/monero-gains-momentum-after-recent-sell-off-faces-resistance-at-363/

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Filed under: News - @ February 11, 2026 11:22 pm