The overall crypto market has cooled down after recent swings. Most major coins are moving sideways. In this calm phase, Monero is starting to stand out.
Monero is trading around 320. The price recently stopped falling fast. Selling pressure looks weaker now. Buyers are slowly stepping in. A new TD Sequential buy signal has also appeared on the 4 hour chart. This has caught the attention of short term traders.
The big question now is simple. Is Monero building a base for recovery. Or is this just a short pause before another drop.
Monero price and TD Sequential buy signal
On the 4 hour timeframe, Monero printed a TD Sequential 9 buy signal. This pattern usually appears near the end of a downtrend. It does not guarantee a rally. But it often shows that sellers are getting tired.
Around the 320 level, candles started shrinking. Long lower wicks began to appear. That shows buyers are defending this zone. Price is no longer dropping with strong momentum.
For a stronger recovery signal, Monero needs to move above the 355 to 365 resistance area. That level previously acted as supply. If price breaks and holds above it, the next target could sit between 390 and 410.
If the breakout fails, Monero may continue moving sideways. If price drops below 320 with strength, the buy signal would lose its meaning. In that case, sellers would likely push the price toward 300.
XMR price structure and key support levels
After a sharp decline, XMR has entered a tight range between 320 and 350. Volatility is low. This kind of compression often happens before a bigger move.
The next key decision zone is 350 to 360. A clean move above that area would place Monero back above short term averages. That could attract momentum traders again. Above that, 390 becomes the next level to watch. A stronger rally could even test the larger supply zone between 420 and 450.
On the downside, 320 remains critical support. If this level breaks, 300 becomes the next demand zone. That area has acted as support in the past.
Right now, Monero has shifted from heavy selling to a decision phase. The market is waiting. The TD Sequential buy signal suggests selling pressure is fading. But real confirmation will only come if price reclaims resistance and holds it. Until then, Monero remains in a base building stage with a breakout likely to decide the next major trend.