Monero Defies Market Jitters: $313 Support Holds Firm as Bulls Eye $344 Breakout

Monero isn't asking for permission. While traditional markets waffle over inflation data, the privacy coin just cemented its $313 floor—setting the stage for a potential 10% surge toward $344.

The stealth rally no one's talking about

Forget the Fed's waffling. XMR's chart paints a clearer picture: higher lows since June, with today's bounce confirming bullish conviction. This isn't hope—it's structure.

Why Wall Street hates this chart

No CFOs to interview. No earnings calls to spin. Just a decentralized asset doing what it does best: ignoring the suits while printing gains. (But sure, keep shorting Tesla.)

The takeaway? Monero's playing chess while fiat plays checkers. $344 looks like the next move—unless the SEC suddenly learns how to read a blockchain explorer.

Key technical points:

• Support Confluence at $313: Aligns with 0.618 Fibonacci, point of control, and value area low
• Bullish Retest Structure: Price has pulled back to support after previously reclaiming the point of control
• Above Average Volume: Current volume profile supports the case for continuation if sustained

XMR’s recent correction brought it back into a major technical support area at $313. Several high-confidence indicators back this zone. The 0.618 Fibonacci retracement level intersects here, providing natural retracement support, while the point of control and value area low from the volume profile offer structural and volume-based confirmation.

Historically, Monero has responded strongly to this type of confluence, and the current price reaction appears no different. The move down into this level can be interpreted as a bullish retest, particularly because the previous reclaim of the point of control led to an expansive move toward the swing high. Now, the market is attempting to form a base above this support region.

If price action continues to close above $313 in the coming days and begins establishing higher lows, this WOULD indicate a bullish shift in market structure. A sustained move above this level may pave the way for a return to $344 resistance and potentially a new swing high beyond that.

One important element to monitor is volume. The current volume profile is trending above average, which adds credibility to the strength of the bounce. To maintain this upward trajectory, volume will need to remain consistent or increase as resistance levels are approached.

What to expect in the coming price action

If Monero holds above the $313 support zone and maintains its bullish market structure, a continuation MOVE toward $344 becomes increasingly likely. Sustained volume and higher lows would confirm the validity of the bullish retest and increase the probability of further upside in the weeks and months ahead.