The price of Monero is currently trading near $365, struggling to stabilize after a violent rejection at the critical $370 resistance level. Although XMR rose by +4.6% on the day, the failure to break $370 printed a double letter at the top of the daily chart, forcing traders to choose between exit bets and defensive exits.
The price of Monero is now pinballing between this ceiling and the current support at $360, and the market is holding its breath. If the $180 wall holds, the trapdoor to lower prices may open.
(SOURCE: TradingView)
Can Monero Price Break $370 or Is a Double Top Guaranteed?
$370 is Monero’s boss battle right now. The stock recently tried to break through this level but was defeated by strong selling, leaving a long streak on the weekly candle.
This rejection confirms the $370 area as XMR’s formidable resistance, creating an unusual double top formation that bears are willing to exploit.
Momentum indicators are bright warning signs. The RSI has established a bearish breakout, making a lower high while the price tries to rise, a classic sign of exhaustion.
Lack of $XMR
A clean trendline break, the market became bearish.
The value was reversed to 0.618 + FVG and rejected.
The liquid taken.
Now targeting lower levels … NFA… pic.twitter.com/EM105f5ioV
– MiraGainz (@MiraGainz) March 23, 2026
Crypto technical analysis suggests that volume is the missing ingredient; without significant entry of buying pressure, the path of least resistance remains low.
So, what standards should you watch? If the bears push XMR below the current support at $360, the structure will reverse to $145. That’s the line in the sand.
However, if the bulls can rally and recapture $380 on conviction, the double top is invalid, and the door is open for a run towards $200 and higher. Until then, the risk-reward ratio favors patience.
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Exchange Delistings Draining XMR Liquidity: Do Fundamentals Still Matter?
all the junk they listed on binance dropped 80-90%
while the only coin they kicked is up 350% since it was removed
the only thing they have done for the industry is to take everyone’s money and make them unable to own only valuable assets in crypto.
please anyone can point me… pic.twitter.com/z8oHMSeM4A
— monetize (@monerify) January 28, 2026
Technical structures are part of the story. The elephant in the room remains the structural squeeze on privacy coins caused by a major crackdown on exchanges. Binance’s delisting and strict controls from Kraken have cut off XMR’s main liquidity arteries, making price recovery difficult.
This creates a large disconnect. Monero’s fundamentals, ring signatures, bulletproof, and private addresses have never been stronger, yet trading positions are shrinking. It’s a liquidity problem, not a resource problem.
Monero’s narrative delisting forces traders to seek alternatives. As centralized exchanges bow to regulatory pressure, capacity is moving to decentralized solutions and non-KYC platforms.
For example, platforms like SwapRocket have hit 150k users by providing this specific need for privacy-preserving trading platforms. For XMR owners, the thesis is simple: the technology isn’t bulletproof, but the exit doors are narrowing.
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The post Monero Price Hits A Wall: Why $370 Is The Way To Make Or A Break For XMR appeared first on 99Bitcoins.
