Monero's price nears support level, suggesting a potential alleviation due to oversold conditions.
Monero (XMR), the popular privacy-focused cryptocurrency, is currently navigating a crucial juncture at the $226 support level. This price point is significant, as it represents a potential test of support before a possible rebound, according to current forecasts for 2025 that anticipate Monero trading well above this level.
Current price ranges and weekly forecasts suggest that Monero is trading around $258, with daily lows hovering around $242–$251. This places the $226 level as a potential significant support zone if tested soon.
Various 2025 monthly minimum price predictions indicate that $226 is below the commonly expected short-term minimums. These predictions, sourced from multiple experts, start mostly above $250 and often well above $264, supporting the idea that $226 could serve as a strong support level to watch.
Expert price predictions for 2025 foresee Monero averaging between about $265 and $340 per month, with monthly minimums consistently above $190–$260 depending on the source. A drop to $226 could indicate a temporary pullback or market correction before recovery if it holds.
Regulatory constraints on privacy coins like Monero might pressure the price downward, but strong demand for privacy features often supports resilience above critical levels.
The coming days and weeks are crucial for determining XMR's short-term outlook. If Monero fails to maintain the $226 base, it could reinforce the bearish trend for XMR. On the other hand, if Monero holds the $226 support, a potential relief rally toward higher resistance zones could occur.
In a positive development, World Liberty Financial has launched a WLFI treasury strategy in conjunction with ALT5 Sigma. This move could potentially boost Monero's market position. In a recent development, Nasdaq-listed ALT5 Sigma has closed a $1.5B round, led by World Liberty Financial, which could further strengthen the partnership.
A reversal at $226 could improve the probability of a short-term rally for XMR. The reaction at $226 will decide whether the market can mount a recovery or remain under sustained selling pressure. Traders should monitor volume and confirmation signals around this support for clearer short-term direction.
In summary, the $226 level represents an important short-term support zone. If Monero holds above it, a rebound toward the $260–$350 range is plausible based on forecasts. However, if $226 breaks decisively, it may signal further downside risks before longer-term recovery scenarios appear.
Read also:
- Citizen Thekla Walker, Minister, urges: "Let's face our responsibilities at home"
- Editorial Correspondence: Justifying the Elimination of a Program Earmarked for Reducing Our Own Carbon Footprint?
- Parliamentary proceedings in Germany's Bundestag this week
- Potential resistance encountered for Trump's nominee at the Federal Reserve
