Monero price has confirmed a bullish market structure shift on the daily timeframe after reclaiming key support. If the $357 level continues to hold, the next major upside target sits at the $473 resistance.
Summary
- Bullish structure confirmed: Monero printed a higher low followed by a new higher high on the daily chart.
- $357 flipped to support: Former resistance now acting as key support for continuation.
- $473 target: Next major high-timeframe resistance if bullish momentum holds.
Monero (XMR) price is beginning to show renewed bullish momentum after a decisive structural shift on the daily chart. The recent price action suggests that buyers have regained control of the market following a confirmed break in market structure.
With price reclaiming and holding above the $357 level, traders are now watching for a potential continuation move that could send Monero toward the next major resistance zone at $473.
Monero price key technical points:
- Bullish market structure break: Daily chart confirms a new higher high after a higher low.
- Key support reclaimed: $357 resistance has flipped into strong support.
- Upside target: $473 stands as the next high-timeframe resistance level.
Monero’s latest price action has confirmed a bullish shift in market structure on the daily timeframe. The chart shows a clear sequence of a higher low followed by a new higher high, which is one of the most widely recognized signals of trend continuation in technical analysis. This break of structure confirms that buyers have regained momentum after a previous corrective phase.
The key development supporting this bullish outlook is the reclaim of the $357 level. Previously acting as a significant resistance zone, this area has now flipped into support, which is often a strong technical signal that the market is preparing for a continuation move. When resistance converts into support, it typically indicates that buyers are willing to defend the level, increasing the probability of sustained upward momentum.
The break of market structure (MSB) is clearly visible on the daily chart. After establishing a higher low during the previous pullback, Monero successfully pushed above the prior swing high, confirming a new higher high. This structure is critical because it signals a transition from a consolidation phase into a potential trending environment.
Such structural confirmations often precede strong directional moves as market participants reposition in line with the new trend. In the broader market narrative, several leading cryptocurrencies attracting trader attention include BCH, XMR, HYPE, and BlockDAG, as investors continue to seek assets offering strong utility, growth potential, and sustained momentum.
Another important aspect of this setup is the positioning of the current support relative to recent price action. As long as Monero continues to hold above the reclaimed $357 support on a daily candle-closing basis, the bullish structure remains intact. Maintaining this level would suggest that buyers are still in control and that the recent breakout is not a false move.
From a broader technical perspective, sustained trading above the newly established support opens the path for an accelerated move toward higher resistance levels. The next significant high-timeframe resistance sits near $473, which historically has acted as a major barrier for price. If bullish momentum continues to build, this level becomes the most logical upside objective for the current trend.
Market structure shifts often lead to rapid price expansion when combined with strong momentum and sustained support levels. The current configuration on Monero’s daily chart suggests that the market may be entering such a phase. With buyers defending key levels and the trend structure now pointing higher, traders are closely monitoring the potential for a continuation rally.
What to expect in the coming price action
From a technical and structural perspective, Monero now maintains a bullish outlook after confirming a daily market structure break. As long as price remains above the $357 support level on a closing basis, the probability favors continued upside toward the $473 resistance.
A sustained move above current levels would further reinforce the bullish trend, while a loss of support could delay the advance and lead to consolidation.
