Monero Crash? Why $400 Might Be the Only Support Left – Or Not

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So, Monero [XMR], right? Took a little dip of 4.09% over the weekend. Big deal. From Friday’s peak of $419.4, it slid down like someone slipping on a banana peel – all because it couldn’t get past this stubborn resistance at $418. Been there for six weeks. Six. Worrying? Eh, maybe. Or maybe just waiting to see if it bounces or crashes-either way, it’s entertaining.

Last week, some smartypants at AMBCrypto were saying, “Hey, XMR might cuff up to $420 or even $450!” That prediction looked promising after it decided to retest support around $360. Bold moves, huh? Well, here we are, predictions coming true. Big deal. Who knows what happens next? Up or down? Your guess is as good as mine. Maybe both, maybe neither.

Now, with the battle at $420-will it break through and go higher? Or are we heading back to $360 for a little chat? Stay tuned. Or don’t. It’s crypto, after all. 🎭

Is Monero’s Bearish Divergence Anything to Freak Out About?

The weekly chart looks all “bullish” – or at least, it looks like it. It dodged a dip below $367 at the 50% retracement and bounced back to $419. RSI? Sitting pretty at 59, just chilling. But wait. The OBV (that’s volume for the finance nerds) is waving a red flag. It’s making lower highs over 7 months-meaning demand might be weaker than it appears. Rallying on a shaky demand? Yeah, that’s not sustainable, my friend.

On the 4-hour chart, it’s the same story: looking bullish, feeling bullish, but the technical dance is changing. RSI drops below 50 – oh-oh – signaling potential bearish momentum. OBV? Dropped below last week’s low, which means sellers are getting cozy. Next stop, probably around $395 if the trend continues. Unless you like rollercoasters, then buckle up!

Can the Bulls Hold the Line?

If you’re into hope, maybe a recovery is possible. A quick dip to $400, then a Bitcoin rally above $90k-sounds good, right? Well, it might boost confidence just enough to make us say, “Hey, maybe,” but don’t hold your breath.

Time to Cash Out? Taking Profits, Maybe?

Roadtesters, listen up-if you’re long, maybe consider taking some chips off the table. The resistance at $420 was a big “Nope,” preventing a push to $450, which was, let’s face it, a pipe dream anyway. Bottom line, the next move might be a slide below $400, but who knows? It could go as low as $395, $380, or even that mysterious $360 zone. Fun times.

Hold your horses until Bitcoin dances back above $94k-then maybe, just maybe, you go long again. Or not. Whatever floats your boat.

Final Ramblings

  • OBV is basically Lowsville-no buyers in sight, folks.
  • If $400 holds on Monday, don’t get too excited. A quick Bitcoin rally is the real ticket to lift these altcoins.

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2025-12-15 10:28