{"id":5140,"date":"2025-06-03T18:13:21","date_gmt":"2025-06-03T18:13:21","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/monero-xmr-jumps-11-5-amid-crucial-support-retest-analyst-eyes-420-resistance\/"},"modified":"2025-06-03T18:13:21","modified_gmt":"2025-06-03T18:13:21","slug":"monero-xmr-jumps-11-5-amid-crucial-support-retest-analyst-eyes-420-resistance","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/monero-xmr-jumps-11-5-amid-crucial-support-retest-analyst-eyes-420-resistance\/","title":{"rendered":"Monero (XMR) Jumps 11.5% Amid Crucial Support Retest \u2013 Analyst Eyes $420 Resistance"},"content":{"rendered":"

Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest that holding its current range could send the cryptocurrency to a another retest of its historical $420 resistance.<\/p>\n

Monero Bounces From Range Lows<\/h2>\n

Amid the crypto market pullback, Monero led the top 100 tokens by market capitalization list with a double-digit jump in the past 24 hours. The cryptocurrency surged 11.5% on Monday morning, breaking out of its seven-day downtrend.<\/p>\n

Notably, XMR has seen a 66% price increase over the past month and a half, jumping from the $220 support zone to its current levels. The token registered a significant 55% daily increase at the end of April, touching the $340 mark before retracing.<\/p>\n

The surge was reportedly fueled by a \u201csuspicious transfer\u201d of 3,520 BTC, worth around $330.7 million, from a potential victim of social engineering. According to crypto sleuth ZachXBT, the stolen funds were swapped for XMR, leading cryptocurrency to retest a key horizontal level.<\/p>\n

Despite this, the privacy token continued its rally during the May market recovery, which propelled XMR to a four-year high a week ago, nearing the crucial $420 resistance for the first time since 2021.<\/p>\n

Now, the market\u2019s recent performance has sent Monero alongside the rest of the leading cryptocurrencies to retest key levels. The token retraced 21% in the past week, briefly losing its three-week price range on Saturday.<\/p>\n

However, XMR has bounced from this level over the past two days after reclaiming the $325 mark and nearing the $370 resistance.<\/p>\n

XMR Rally Hangs On This Level<\/h2>\n

Analyst Sjuul from AltCryptoGems affirmed that \u201cMonero has an impressive chart and is likely one of the few \u2018dino\u2019 coins not far from breaking its all-time high.\u201d<\/p>\n

\"Monero\"<\/p>\n

He highlighted that XMR is retesting the recently flipped support and resistance zone, which is key for a rally continuation. Losing the $310-$345 area could send the cryptocurrency toward the gap between this level and the next major support around the $220 mark.<\/p>\n

Similarly, analyst Rekt Capital previously noted Monero repeated its early 2021 playbook after breaking out of its multi-year accumulation range in Q4 2024, surging above the $286 resistance and hitting last cycle\u2019s high levels.<\/p>\n

He recently<\/a> pointed out that XMR has historically ended its bull market around the key $422 resistance, with \u201cthis sort of price action for XMR occurs once every four years,\u201d and price rallies into the major resistance \u201coften briefly upside wicking beyond there.\u201d<\/p>\n

Amid its recent rejection from the $419 cycle high, the analyst considers that Monero must hold its current range, \u201cif price wants to go against the grain of history and break the $422 resistance over time.\u201d<\/p>\n

If it fails to hold above the $300 mark, Rekt Capital affirmed that the $286 support is the next crucial level, but added that historically, XMR\u2019s retest post-rejection usually fails.<\/p>\n

As of this writing, Monero trades at $366, a 32.2% increase in the monthly timeframe.<\/p>\n

\"Monero,<\/p>\n","protected":false},"excerpt":{"rendered":"

Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest that holding its current range could send the cryptocurrency to a another retest of its historical $420 resistance. Monero Bounces From Range Lows Amid the crypto…<\/p>\n","protected":false},"author":1,"featured_media":5141,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[42,713,468,782,281,33,2599,2600,2601,2602,2603,2604],"class_list":["post-5140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-market-recovery","tag-crypto-market-retrace","tag-crypto-trader","tag-cryptocurrency-market-news","tag-monero","tag-monero-xmr-price-analysis","tag-xmr","tag-xmr-breakout","tag-xmr-price","tag-xmrusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=5140"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/5140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/5141"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=5140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=5140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=5140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}